The CIOT has criticised the way HMRC are applying new interpretations to “subsidised” and “subcontracted” expenditure, in the context of R&D claims.
The CIOT states that with the proposed alignment of SME rules with the less generous rules for larger firms, “there seems no further purpose in harrying SME claimants in this way”.
Related content from Claritax Books
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.