HMRC have made changes to the Corporate Intangibles Research and Development Manual, as follows:
This section is headed “Patent Box: new regime : Streaming income requirement CTA10/ s357BF and s357BQ”.
It has been updated with a “clarification that expenditure is brought forward into the Fraction not the stream itself”.
This section is headed “Patent Box: new regime: terms of the fraction: Acquisition of relevant qualifying IP rights CTA10/s357BLE”.
It has been updated with “updates to what is to be included under ‘A’ in R&D Fraction”.
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The UK’s special tax rules for Research and Development expenditure continue to offer valuable tax relief for companies.
This book explains how the scope of R&D relief is wider than is often imagined, whilst also showing the statutory conditions that must be met for a successful claim.