Commentary

D1.467 Company not within the charge to corporation tax

Corporate tax
Corporate tax | Commentary

D1.467 Company not within the charge to corporation tax

Corporate tax | Commentary

D1.467 Company not within the charge to corporation tax

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).

A company not within the charge to corporation tax which incurs qualifying expenditure on vaccine research is treated as having such accounting periods as it would have if it carried on a trade consisting of the activities for which the expenditure is incurred, and it had started to carry on that trade when it started to carry on relevant vaccine research1. This rule is stated to be

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