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Whose R&D is it?

Gavin Bate senior manager and David O'Keeffe partner KPMG LLP (UK)'s Tax Relief group discuss sub-contracting subsidy and collaboration and their effects on the R&D tax reliefs
When two parties are involved in an R&D project the contractual relationships between them can be crucial in determining who is eligible to claim the R&D reliefs and at what rate. A failure to pay attention to the terms of any contracts can greatly reduce the potential benefit of the R&D reliefs so care should be taken when setting up the arrangements rather than making an unwelcome discovery when the claim is to be submitted.
When R&D tax credits were introduced in...

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