Qualifying Expenditures
All R&D Tax Credit expenditure must be revenue in nature in order for it to qualify.
SME Scheme (Inception on 1 April 2000):
Qualifying expenditure for accounting periods from 1 April 2000 to 5 April 2003:
Qualifying expenditure for accounting periods from 6 April 2003 to 26 September 2003:
Qualifying expenditure for accounting periods from 27 September 2003 to 31 March 2004:
Qualifying expenditure for accounting periods from 1 April 2004 and expenditure incurred before 1 August 2008:
Qualifying expenditure for expenditure incurred from 1 August 2008
- Staffing Costs
- Consumable Items
- Relevant payments to the subjects of a clinical trial
- Sub-contracted R&D
- Externally Provided Workers
- Computer Software
Large Company Scheme (Inception on 1 April 2002):
Qualifying expenditure for accounting periods from 1 April 2002 to 5 April 2003
- Staffing Costs
- Consumable Stores
- Restricted sub-contracted R&D
- Contributions to Independent Research
Qualifying expenditure for accounting periods from 6 April 2003 to 8 April 2003
- Staffing Costs
- Benefits in Kind
- Consumable Stores
- Restricted sub-contracted R&D
- Contributions to Independent Research
Qualifying expenditure for accounting periods from 9 April 2003 to 31 March 2004
- Staffing Costs
- Benefits in Kind
- Consumable Stores
- Restricted sub-contracted R&D
- Contributions to Independent Research
- Externally Provided Workers
Qualifying expenditure for accounting periods from 1 April 2004 and expenditure incurred before 1 April 2006
- Staffing Costs
- Consumable Items
- Computer Software
- Restricted sub-contracted R&D
- Contributions to Independent Research
- Externally Provided Workers
- Staffing Costs
- Consumable Items
- Computer Software
- Relevant payments to the subjects of a clinical trial
- Restricted sub-contracted R&D
- Contributions to Independent Research
- Externally Provided Workers
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