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Pre-Budget Report 2009 - Research & Development (R&D)

Some good news buried in the detailed HMRC press releases relates to small and medium companies involved in research and development. Until now it has been necessary for the SME to own rights to any intellectual property which results from their work. This requirement is to be relaxed for work done in any accounting period ending on or after 9 December 2009.

This will assist companies who do research and development in conjunction with other parties. If previously barred from doing so, they should now reconsider whether they are eligible to claim an additional 75% relief.

Rachel Haddow is a tax adviser and a manager at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this post with Rachel you can call her on 01727 869141.

 

 

Date: 9th December, 2009
Author: Rachel Haddow

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