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Research and Development Tax Reliefs 2nd ed (eBook)


ISBN13: 9781784516796
Published: July 2016
Publisher: Bloomsbury Professional
Country of Publication: UK
Format: eBook (ePub)
Price: Out of print
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Research and Development Tax Reliefs, Second Edition provides a completely up-to-date guide to claiming UK R&D tax reliefs. The Government is very keen to encourage further research and development in UK companies and at the beginning of 2016 a record number of companies have been recorded as making a claim.

This new edition will give a summary of the key changes from the 2015 Finance Act, including the introduction of higher rates of relief for SMEs and pre-trading research and development companies. There is also coverage of the increase in the R&D expenditure credit (for large companies and subcontracting SME companies).

The improved rates of tax credit reliefs for loss making companies are covered, and there is commentary on the new Patent Box and Creative Sector reliefs.

New practical examples and up to date tables provide a 'one stop' guide to maximising the reliefs claimed, and also help the reader understand how to implement a claim in practice, meaning this new edition provides a valuable summary of the opportunities open to innovative companies performing R&D in 2016, and their advisers.

Subjects:
Taxation, eBooks
Contents:
Chapter 1 UK research and development tax reliefs
Chapter 2 The research and development tax relief framework
Chapter 3 The BIS Guidelines: the definition of research and development for tax purposes
Chapter 4 Research and development tax relief – small and medium-sized companies
Chapter 5 Research and development tax relief – large companies
Chapter 6 Claim administration
Chapter 7 'The Innovation Gap' – grants and State Aid for research and development
Chapter 8 Worldwide trends in research and development
Chapter 9 Research and development in industry – case studies
Chapter 10 Creative industry tax reliefs
Appendix 1 SSAP 13 – Accounting for research and development
Appendix 2 BIS Guidelines on the Meaning of Research and Development for Tax Purposes
Appendix 3 Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises
Appendix 4 Eligible R&D costs At a Glance – SME & Large Company Schemes
Appendix 5 RD6 Industry sector analysis of number and cost of R&D tax credit claims, 2011–12
Appendix 6 The R&D Timeline
Appendix 7 Summary of corporation tax rates/RDTR/Tax Credit Rates
Appendix 8 HMRC R&D units
Appendix 9 Sources used in this book
Appendix 10 Linked and Partner Enterprises
Appendix 11 SME definition: text of 1996/280/EC
Appendix 12 Gripple Limited v the Commissioners for HM Revenue and Customs