The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
RDEC ― large company R&D relief
CTA 2009, ss 104A, 104M
Spring Budget 2020 Overview of Tax Legislation and Rates , para 1.17
For changes in rates, qualifying R&D expenditure will need to be separated according to the date it was incurred and the appropriate rates applied. The RDEC is worth up to 9.72% of qualifying R&D expenditure (10.53% after 1 April 2020 and 8.91% prior to 1 January 2018) to a large company subject to the 19% corporation tax rate and applying the 12% relevant percentage from 1 January 2018.
See Example 1.
For the definition of a large company, see the Outline of tax relief for research and development (R&D) expenditure guidance note.
For details of the qualifying conditions and expenditure see the Qual
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