Commentary

D1.453 Qualifying expenditure on in-house R&D

Corporate tax
Corporate tax | Commentary

D1.453 Qualifying expenditure on in-house R&D

Corporate tax | Commentary

D1.453 Qualifying expenditure on in-house R&D

The provisions in this article apply to large companies (for expenditure incurred before 1 April 2017) and SMEs (for expenditure incurred before 1 April 2012). The regime was abolished entirely from 1 April 2017.

Expenditure on in-house direct R&D (ie R&D undertaken by the company itself, whether for the company on its own behalf or for someone else) is qualifying expenditure incurred by the company where it satisfies the conditions described below1. It must be shown that the expenditure is:

  1.  

    •     incurred on qualifying R&D activity (see below) directly undertaken by the company

  2.  

    •     incurred

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