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HMRC internal manual

Corporate Intangibles Research and Development Manual

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.