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Contents

Official guidance
Oil Taxation Manual

OT26000 · Capital allowances: research and development allowances

  • OT26001 · Introduction
  • OT26002 · Meaning of oil & gas exploration and appraisal
  • OT26005 · Judicial Comment on Scientific Research and Oil Exploration
  • OT26007 · Joint memorandum of 1967
  • OT26008 · 1967 Memorandum - Details
  • OT26009 · 1967 Memorandum - Successive Stages of Work - Stages 1 & 2
  • OT26010 · 1967 Memorandum - Successive Stages of Work - Stages 3, 4 &5
  • OT26013 · Tribunal reform of 01 April 2009
  • OT26015 · HMRC view on the 1967 Memorandum
  • OT26016 · 1967 Memorandum - HMRC view on the Meaning of Field
  • OT26017 · 1967 Memorandum - HMRC view on exclusions
  • OT26018 · 1967 Memorandum - HMRC view on end of Stage 3
  • OT26026 · Using reserve reporting for deciding on the availability of RDAs
  • OT26027 · 1967 memorandum - gaps between stages 3 and 4 in oil exploration and development
  • OT26030 · RDA Claims during production operations
  • OT26035 · Commencement of Trade
  • OT26036 · Geographical Scope of Research and Development Allowances
  • OT26041 · US Oil & Gas Partnerships
  • OT26045 · The purchase of the results of past exploration work
  • OT26050 · Redeterminations and Unitisations
  • OT26052 · Disposal of a licence interest
  • OT26054 · Disposal of a licence for an undeveloped area
  • OT26056 · The allowance of certain drilling expenditure
  • OT26058 · Treatment of Payments for Production Licences
  • OT26060 · Farm-ins
  1. Capital allowances: research and development allowances: contents
  2. Capital Allowances: Research and Development Allowances: HMRC view on the 1967 Memorandum

OT26015 | Capital Allowances: Research and Development Allowances: HMRC view on the 1967 Memorandum

From HM Revenue & Customs · Oil Taxation Manual

While the 1967 agreement was directed to scientific research and the commentary is written in those terms the HMRC view is that the principles and concepts are equally applicable to research and development allowances (RDA)

The HMRC view is set out on the following pages.

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