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Research and Development Tax Credits Scheme

Volume 499: debated on Wednesday 11 November 2009

To ask the Chancellor of the Exchequer what changes there have been in the application of the rules for the Research and Development Tax Credits Scheme in the last 18 months; and if he will make a statement (299255)

On 14 November 2008, in Revenue and Customs Brief 55/08, HMRC announced a change of practice, effective from 1 December 2008, in relation to the research and development (R and D) tax relief schemes, where a company loses its status as a small or medium enterprise as a result of a merger or takeover. HMRC is also currently updating guidance on the R and D tax relief schemes in the Corporate Intangibles and Research and Development manual, including to explain that certain expenditure on ‘Qualifying Indirect Activities’ may be included in claims.