CIRD89740 | R&D Tax reliefs: R&D expenditure credit (RDEC) scheme: claims by SME
From HM Revenue & Customs · Corporate Intangibles Research and Development Manual
Chapter 6A CTA2009 S104A(3), 104U AND 104V
A SME can obtain relief under the R&D expenditure credit scheme in certain circumstances:
If it undertakes certain research and development as a subcontractor CIRD89750.
Where expenditure is subsidised CIRD89760. Subsidised expenditure does not qualify under the SME scheme CIRD81650.
If it is an insurance company that carries on life assurance business CIRD89600.
If the total amount of the aid (e.g. SME credit and vaccine relief) on any one project exceeds €7.5m CIRD81160 in line with EU state aid requirements.