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.