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HMRC internal manual

Corporate Intangibles Research and Development Manual

HM Revenue & Customs
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R&D tax reliefs: large company scheme: claims by an SME

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.