Tax reliefs and allowances for research and development
Introduction
Businesses that carry out research and development (R&D) can often reduce their tax bills by claiming relief for some of their R&D expenditure.
There are two systems in place - R&D tax allowances and R&D tax reliefs. R&D tax reliefs are only available to companies subject to corporation tax while R&D tax allowances are available to all businesses that have a qualifying R&D spend.
This guide provides an outline of what is meant by R&D for the purpose of these reliefs and what types of expenditure can qualify for relief. It also explains R&D tax allowances and covers some of the details of the R&D tax relief schemes for small and large companies.
Subjects covered in this guide
- Introduction
- What qualifies as R&D for tax purposes
- R&D tax allowances
- R&D tax reliefs - the SME scheme
- R&D tax reliefs - the large company scheme
- How to claim R&D tax reliefs
Actions
- R&D tax relief guidance from HM Revenue & Customs (HMRC) - Opens in a new window
- R&D tax credits claims advice from HMRC - Opens in a new window
- Use our interactive tool to find out whether your business is eligible for research and development tax relief
- Manage your personal list of starting-up tasks with our Business start-up organiser
- View local and national events linked to this topic
This guide developed with:
