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PAUL DUCKWORTH and JAMES TETLEY explain why a company’s claims for R&D relief need not be terminated
KEY POINTS
- HMRC guidance on eligible software claims.
- The need for an advance in the software.
- An uncertainty needs to have been resolved.
- Examples of qualifying and non-qualifying projects.
- Internal developments not for resale may still qualify.
Research and development (R&D) tax relief has made the headlines in the tax world over the past 18 months as the Treasury continues to improve the benefit of the relief to companies.
The relief currently provides for a 225% enhanced tax deduction for small and medium-sized enterprises (SMEs) and 130% for large companies.
However there continues to be confusion over whether software development qualifies for R&D tax relief.
There needn’t be any mysterY; one just needs to approach any claim logically and invest time in understanding the intricacies of what...
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