Anne Fairpo continues our series on the taxation of intellectual property this week concentrating on research and development tax relief
Research and development (R&D) expenditure is specifically excluded from the new intellectual property tax rules — this is to ensure that companies can continue to utilise the R&D tax relief introduced in Finance Act 2000 and modified in Finance Acts 2002 and 2003. The changes in Finance Act 2003 came into effect on 16 April 2003 for large companies and 27 September 2003 for small and medium-sized enterprises (SMEs) — implementation was delayed by the need for EU approval. The relief is only available to companies not to partnerships or individuals.
R&D expenditure on creating intellectual property qualifies for the tax credits if the R&D falls within the Revenue's...
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Anne Fairpo continues our series on the taxation of intellectual property this week concentrating on research and development tax relief
Research and development (R&D) expenditure is specifically excluded from the new intellectual property tax rules — this is to ensure that companies can continue to utilise the R&D tax relief introduced in Finance Act 2000 and modified in Finance Acts 2002 and 2003. The changes in Finance Act 2003 came into effect on 16 April 2003 for large companies and 27 September 2003 for small and medium-sized enterprises (SMEs) — implementation was delayed by the need for EU approval. The relief is only available to companies not to partnerships or individuals.
R&D expenditure on creating intellectual property qualifies for the tax credits if the R&D falls within the Revenue's...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
