Related Commentary  Related HMRC Manuals

1052(1)  A company's “qualifying expenditure on in-house direct research and development” means expenditure incurred by it in relation to which each of conditions A, B, D and E is met.

1052(2)  Condition A is that the expenditure is–

(a)incurred on staffing costs (see section 1123),

(b)incurred on software or consumable items (see section 1125),

(c)qualifying expenditure on externally provided workers (see section 1127), or

(d)incurred on relevant payments to the subjects of a clinical trial (see section 1140).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.