Research and Development Tax Reliefs

2. Auflage 2016
ISBN: 978-1-78451-678-9
Verlag: Bloomsbury

Buch, Englisch, 376 Seiten, Format (B × H): 156 mm x 234 mm

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.

Autoren/Hrsg.

Kitt, Maria

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Betriebliches Steuerwesen

Inhaltsverzeichnis

Chapter 1 UK research and development tax reliefs: Introduction

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

Appendices:

Appendix 1 Definition of R&D for Tax Purposes: BIS Guidelines (2010)

Appendix 2 Published case studies and commentary re research and development in practice (BIS 2000-2013)

Appendix 3 Accounting for research and development

Appendix 4 R&D tax relief: SME definition: European Commission SME Recommendation 2003

Appendix 5 SME Flowchart - Linked and Partner Enterprises

Appendix 6 HMRC R&D Specialist Unit: contact details/postcodes

Appendix 7 Research and development tax credit support 2001-2014

Appendix 8 The UK research and development timeline 2000-2016

Appendix 9 Summary of corporation tax rates/RDTR/tax credit rates

Appendix 10 HMRC Guidance: Reimbursed employee and externally provided workers' expenses

Appendix 11 HMRC Guidance: Expenditure upon consumables

Appendix 12 Gripple Limited v Commissioners for HM Revenue and Customs (extract)

Appendix 13 Eligible R&D costs at a glance - SME and large company schemes

Appendix 14 Sources used in this book

Über Autor(innen)

Kitt, Maria
Maria Kitt is a corporate tax partner at Tax Insight UK and has advised companies on R&D tax reliefs since the legislation was first introduced in 2000. Previously she was a corporation tax specialist in HMRC, with extensive experience of the HMRC R&D units. She has filed R&D claims on behalf of innovative companies from a wide variety of industries and circumstances. Maria is well known in R&D circles, lecturing and publishing numerous articles on the subject, as well as broader aspects of corporation tax, over a lengthy period.

Maria Kitt is a corporate tax partner at Tax Insight UK and has advised companies on R&D tax reliefs since the legislation was first introduced in 2000.