Market leading insight for tax experts
View online issue

Advance To Go?

David Cobb and John Moore of Deloitte's R&D tax services team explore the changes proposed in the PBR
In July 2003 HM Treasury DTI and Inland Revenue published a consultation document seeking views on improving the definition of qualifying R&D and associated costs in order to better support R&D activity by UK companies. The Chancellor's Pre-Budget Report in December 2003 contained the Government's response to the suggestions made by 76 interested parties.
We along with a number of the other respondents had urged the Government to clarify the definition of R&D in order to provide a more objective set of tests for companies. Our experience is that the original DTI guidelines and the subsequent commentary on the guidance have proved difficult to work with in practice. Because they both...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.