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Areas of the legislation:
  • Draft guidance on Research & Development expenditure credit (RDEC) scheme

Draft guidance on Research & Development expenditure credit (RDEC) scheme

FA 13 introduced an 'above the line' credit for large companies for research and development (R&D) expenditure incurred on or after 1 April 2013.

The expenditure credit scheme will run alongside the current large company scheme until 31 March 2016 when the large scheme will cease.

HM Revenue & Customs (HMRC) has published draft guidance to help customers understand how the proposed new rules would work.

Download the draft guidance (PDF 290K)

HMRC has also published draft notes to expenditure credit and draft examples 1 to 3.

Download the notes and examples (PDF 245K)

Comments on the guidance are welcome and should be sent to:

Nalini Arora
CTISA, CT Structure Incentives and Reliefs
100 Parliament Street
Spur 3/63
London
SW1A 2BQ

Or please email HMRC using the link below.

Nalini Arora

The deadline for comments on this draft guidance, notes and examples is 31 January 2014.