The legislation governing these incentives for innovative businesses is detailed in the 2009 Corporation Tax Act (CTA 2009), specifically Part 13.
It is a complete rewrite of the legislation originally introduced in 2000 and amended in 2002.
There are now many hundreds of pages of information, rules and regulations that govern what you can and can’t claim.
It’s a technical area. Yes, technical – it is understanding the technology you are working with and realting it to those rules that’s critical. It’s not accounting, it’s having a critical understanding of engineering that’s importnat.
Contact us today – this is our area of technical expertise.