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HMRC internal manual

Oil Taxation Manual

From
HM Revenue & Customs
Updated
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Capital Allowances: Research and Development Allowances: HMRC view on the 1967 Memorandum

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.