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HMRC internal manual

Corporate Intangibles Research and Development Manual

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HM Revenue & Customs
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R&D tax relief: legislative structure and time line: FA12 changes

R&D Relief

The enhanced deduction under the SME Scheme increased from 200% to 225% for expenditure incurred on or after 1 April 2012 (CIRD80250)

R&D threshold

Removed in relation to accounting periods ending on or after 1 April 2012. (CIRD 81650)

Going Concern condition

Clarified to confirm that companies in administration or liquidation cannot make a claim to relief on or after 1 April 2012. (CIRD 81330)

PAYE/NIC cap

The restriction on tax credit payments is removed for accounting periods ending on or after 1 April 2012. (CIRD 90500)

Vaccines Research Relief

Abolished for SME’s in relation to expenditure incurred on or after 1 April 2012.

Externally Provided workers

Rules on qualifying expenditure relaxed to allow relief where more then three parties engaged in the transactions. (CIRD84000)