CIRD89880 | R&D Tax reliefs: R&D expenditure credit (RDEC) scheme: capitalised revenue expenditure

The credit does not affect the way in which capitalised revenue expenditure is treated and the guidance at CIRD81450 still applies.

RDEC was abolished with affect for accounting periods which begin on or after 1 April 2024. Claims for RDEC may not be made for those periods.

Where revenue expenditure was incurred in earlier periods but is not an allowable deduction in calculating the profit chargeable to tax until an accounting period beginning on or after 1 April 2024 a claim should be made under the new RDEC scheme if the necessary conditions are met.