There is a condition applying to small or medium (SME) companies seeking to calim R&D tax credit relief which menas that it is a condition of a claim that any intellectual property (IP) deriving from the research and development (R&D) has to be owned by the company. This is to be abolished.
Currently, a company which is a SME must, as a condition of receiving R&D tax relief, own any intellectual property deriving from the R&D. As announced in the 2009 Pre-Budget Report this condition will be abolished. This change will apply to any expenditure incurred by a SME on R&D in an accounting period ending on or after 9 December 2009.
Suddenly one of the obstacles, especailly for SMEs and IT specailist companies has been removed.
Discover what this means for you and call for our free R & D Tax Credit assessment service.