CIRD89740 - R&D Tax reliefs: R&D expenditure credit (RDEC) scheme: claims by SME

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.