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Official guidance
Corporate Intangibles Research and Development Manual

CIRD85000 · R&D tax reliefs: large company scheme

  • CIRD85050 · Overview
  • CIRD87000 · Groups
  • CIRD87500 · Refunds of contributions to independent research and subcontract payments
  • CIRD88000 · Pre-trading expenditure
  • CIRD88500 · Claims by an SME
  • CIRD89000 · R&D tax reliefs: Research and Development Expenditure Credit scheme: subsidies
  • CIRD89500 · R&D tax reliefs: Research and Development Expenditure Credit scheme: R&D contracted to an SME
  • CIRD89600 · Insurance companies
  • CIRD85100 · R&D tax relief: large company scheme: Updated Large Business practice note
  1. R&D tax reliefs: large company scheme: contents
  2. R&D tax reliefs: large company scheme: claims by an SME

CIRD88500 | R&D tax reliefs: large company scheme: claims by an SME

From HM Revenue & Customs · Corporate Intangibles Research and Development Manual

An SME can obtain relief under the large company scheme in certain circumstances:

  • If it undertakes certain research and development as a subcontractor CIRD89500.

  • For accounting periods beginning on or after 9 April 2003 where expenditure is subsidised CIRD89000. Subsidised expenditure does not qualify under the SME scheme CIRD81650.

  • If it is an insurance company that carries on life assurance business CIRD89600.

The claim is for the qualifying expenditure to be enhanced by 25%. Losses cannot besurrendered for a payable credit.

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