Commentary

D1.410 Software and consumable items

Corporate tax
Corporate tax | Commentary

D1.410 Software and consumable items

Corporate tax | Commentary

D1.410 Software and consumable items

For the latest New Development, see ND.1350.

Expenditure on software and consumable items may qualify for SME or large company R&D tax relief, therefore the legislation described in this article applies to both SMEs and large companies1, and may be further amended by regulations2.

Qualifying R&D expenditure on software and consumable items

Expenditure on software or consumable items is qualifying expenditure for the purposes of R&D relief; this means computer software or consumable or transformable materials, which include water, fuel and power3. There is no simple definition of consumed or transformed, but HMRC states that a key

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial