Draft legislation accessible version

Question 1

1 R&D 1 R&D tax relief and expenditure credit

Accepted Answer

Schedule 1 makes provision about R&D tax relief and expenditure credit amending바카라 사이트擻u003c/p>

(a) Schedule 18 to FA 1998 (company tax returns, assessments and related matters),
(b) Chapter 6A of Part 3 of CTA 2009 (trade profits: R&D expenditure credits),
(c) Part 13 of CTA 2009 (additional relief for expenditure on R&D), and
(d) related provisions.

Question 2

SCHEDULE 1

Accepted Answer

R&D TAX RELIEF AND EXPENDITURE CREDIT

PART 1

EXPENDITURE ON RESEARCH AND DEVELOPMENT

R&D expenditure: activities in the UK etc

1 (1) Chapter 6A of Part 3 of CTA 2009 (trade profits: R&D expenditure credits) is amended as follows.

(2) In section 104E (expenditure on sub-contracted R&D not undertaken in house)바카라 사이트擻u003c/p>

(a) in subsection (1) for 바카라 사이트淎, B and C바카라 사이트� substitute 바카라 사이트淎 to D바카라 사이트�;
(b) after subsection (4) insert바카라 사이트擻u003c/p>

바카라 사이트�(4A) Condition D is that the expenditure is UK or qualifying overseas expenditure within the meaning of Part 13 (see section 1138A (바카라 사이트淯K or qualifying overseas expenditure바카라 사이트�)).바카라 사이트漒u003c/p>

(3) In section 104K (qualifying expenditure on contracted out R&D)바카라 사이트擻u003c/p>

(a) in subsection (1), for 바카라 사이트淒바카라 사이트� substitute 바카라 사이트淓바카라 사이트�;
(b) after subsection (6) insert바카라 사이트擻u003c/p>

바카라 사이트�(6A) Condition E is that the expenditure is UK or qualifying overseas expenditure within the meaning of Part 13 (see section 1138A (바카라 사이트淯K or qualifying overseas expenditure바카라 사이트�)).바카라 사이트漒u003c/p>

(4) In section 104L (qualifying expenditure on contributions to independent R&D)바카라 사이트擻u003c/p>

(a) in subsection (1), for 바카라 사이트淓바카라 사이트� substitute 바카라 사이트淔바카라 사이트�;
(b) after subsection (6) insert바카라 사이트擻u003c/p>

바카라 사이트�(7) Condition F is that the expenditure is UK or qualifying overseas expenditure within the meaning of Part 13 (see section 1138A (바카라 사이트淯K or qualifying overseas expenditure바카라 사이트�)).바카라 사이트漒u003c/p>

2 (1) Chapter 2 of Part 13 of CTA 2009 (relief for SMEs on the cost of R&D) is amended as follows.

(2) In section 1134 (qualifying element of sub-contractor payment: connected persons) in subsection (3)바카라 사이트擻u003c/p>

(a) omit the 바카라 사이트渁nd바카라 사이트� at the end of paragraph (c), and
(b) at the end of paragraph (d) insert 바카라 사이트�, and

(e) is UK or qualifying overseas expenditure.바카라 사이트漒u003c/p>

(3) In section 1136 (qualifying element of sub-contractor payment: other cases)바카라 사이트擻u003c/p>

(a) in subsection (2), for 바카라 사이트�65% of the sub-contractor payment바카라 사이트� substitute 바카라 사이트�65% of so much of the sub-contractor payment as comprises UK or qualifying overseas expenditure바카라 사이트�, and
(b) after subsection (2) insert바카라 사이트擻u003c/p>

바카라 사이트�(3) Any apportionment of expenditure of the company necessary for the purposes of this section is to be made on a just and reasonable basis.바카라 사이트漒u003c/p>

(4) After section 1138 insert바카라 사이트擻u003c/p>

바카라 사이트�1138A 바카라 사이트淯K or qualifying overseas expenditure바카라 사이트漒u003c/p>

(1) For the purposes of this Part, expenditure is바카라 사이트擻u003c/p>

(a) UK expenditure, if it is attributable to relevant research and development undertaken in the United Kingdom, and
(b) qualifying overseas expenditure, if it is attributable to relevant research and development undertaken outside the United Kingdom in circumstances mentioned in subsection (2).

(2) The circumstances are that there are conditions necessary for the purposes of the research and development바카라 사이트擻u003c/p>

(a) that are not present in the United Kingdom,
(b) that are present in the location in which the research and development is undertaken, and
(c) that it would be wholly unreasonable for the company to replicate in the United Kingdom.

(3) In subsection (2) 바카라 사이트渃onditions바카라 사이트�바카라 사이트擻u003c/p>

(a) includes바카라 사이트擻u003c/p>

(i) geographical, environmental or social conditions;
(ii) legal or regulatory requirements as a result of which the research and development may not be undertaken in the United Kingdom, but

(b) does not include conditions so far as relating to바카라 사이트擻u003c/p>

(i) the cost of the research and development;
(ii) the availability of workers to carry out the research and development.

(4) The Treasury may by regulations make provision specifying things that are not conditions for the purposes of subsection (2).바카라 사이트漒u003c/p>

R&D expenditure: UK workers etc

3 (1) Chapter 2 of Part 13 of CTA 2009 (relief for SMEs on the cost of R&D) is amended as follows.

(2) In section 1129 (qualifying expenditure on externally provided workers: connected persons)바카라 사이트擻u003c/p>

(a) in subsection (3) omit the 바카라 사이트渁nd바카라 사이트� at the end of paragraph (b), and
(b) in that subsection, at the end of paragraph (c) insert 바카라 사이트�, and

(d) is incurred in respect of qualifying earnings of externally provided workers.바카라 사이트漒u003c/p>

(3) In section 1131 (qualifying expenditure on externally provided workers: other cases)바카라 사이트擻u003c/p>

(a) in subsection (2), for 바카라 사이트�65% of the staff provision payment바카라 사이트� substitute 바카라 사이트�65% of so much of the staff provision payment as is incurred in
respect of qualifying earnings of externally provided workers바카라 사이트�, and (b) after subsection (3) insert바카라 사이트擻u003c/p>

바카라 사이트�(4) Any apportionment of expenditure of the company necessary for the purposes of this section is to be made on a just and reasonable basis.바카라 사이트漒u003c/p>

(4) After section 1132 insert바카라 사이트擻u003c/p>

바카라 사이트�1132A 바카라 사이트淨ualifying earnings바카라 사이트漒u003c/p>

(1) For the purposes of this Part, 바카라 사이트渜ualifying earnings바카라 사이트�, in relation to an externally provided worker, means any amount of the worker바카라 사이트檚 earnings under the contract mentioned in section 1128(7) that is within subsection (2) or (3).
(2) An amount is within this subsection if it is an amount in respect of which the staff controller or the company is required to account to an officer of Revenue and Customs for income tax under PAYE regulations, Class 1 national insurance contributions and the health and social care levy.
(3) An amount is within this subsection if it is an amount that is attributable to relevant research and development undertaken outside the United Kingdom in circumstances within section 1138A(2).바카라 사이트漒u003c/p>

(5) In section 1127 (바카라 사이트渜ualifying expenditure on externally provided workers바카라 사이트�), in subsection (3), for 바카라 사이트�1131바카라 사이트� substitute 바카라 사이트�1132A바카라 사이트�.

(6) In section 1128 (바카라 사이트渆xternally provided worker바카라 사이트�), in subsection (9), for 바카라 사이트�1131바카라 사이트漒nsubstitute 바카라 사이트�1132A바카라 사이트�.

Exclusion of overseas expenditure rules from patent box regime

4 In CTA 2010, in Chapter 2A of Part 8A, in section 357BLB (qualifying expenditure on relevant R&D undertaken in-house), in subsection (7)(e), at the end insert 바카라 사이트渁s those provisions had effect on 31 March 2023바카라 사이트�.

Question 3

PART 2 &#48148;&#52852;&#46972; &#49324;&#51060;&#53944;� AMENDMENTS RELATING TO THE HEALTH AND SOCIAL CARE LEVY

Accepted Answer

Trade profits: calculation of R&D expenditure credits etc

5 CTA 2009 is amended in accordance with paragraphs 6 to 14.

6 In section 104P (total expenditure on workers)바카라 사이트擻u003c/p>

(a) in subsection (2), in paragraph (b), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(b) in subsection (3), in paragraph (c) of Step 1, for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�.

7 (1) Section 104Q (total amount of company바카라 사이트檚 PAYE and NIC liabilities) is amended as follows.

(2) In the heading, for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�.

(3) In subsection (1)바카라 사이트擻u003c/p>

(a) in the words before paragraph (a), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(b) omit the 바카라 사이트渁nd바카라 사이트� at the end of paragraph (a);
(c) at the end of paragraph (b) insert 바카라 사이트�, and
(c) amount C.바카라 사이트漒u003c/p>

(4) After subsection (4) insert바카라 사이트擻u003c/p>

바카라 사이트�(4A) Amount C is the total amount of health and social care levy chargeable in respect of relevant earnings for which the company is required to account to an officer of Revenue and Customs for the accounting period.

(4B) In subsection (4A), 바카라 사이트渞elevant earnings바카라 사이트� means earnings in respect of which Class 1 national insurance contributions that are included in amount B are payable.바카라 사이트漒u003c/p>

(5) In subsection (5)바카라 사이트擻u003c/p>

(a) after 바카라 사이트渁mount B바카라 사이트� insert 바카라 사이트渁nd amount C바카라 사이트�;
(b) for the words from 바카라 사이트減ayments of바카라 사이트� to the end substitute 바카라 사이트渁ny sum within section 4(1)(a) of the Social Security Contributions and Benefits Act 1992 or section 4(1)(a) of the Social Security Contributions and Benefits Act 1992, as those provisions have effect from time to time.바카라 사이트漒u003c/p>

(6) In subsection (6)바카라 사이트擻u003c/p>

(a) for 바카라 사이트渙r Class 1 national insurance contributions바카라 사이트� substitute 바카라 사이트�, Class 1 national insurance contributions or health and social care levy바카라 사이트�;
(b) for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�.

8 In section 104S (restrictions on payment of R&D expenditure credit)바카라 사이트擻u003c/p>

(a) in subsection (5), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(b) in subsection (6)바카라 사이트擻u003c/p>

(i) in the words before paragraph (a), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(ii) omit the 바카라 사이트渙r바카라 사이트� at the end of paragraph (a);
(iii) at the end of paragraph (b) insert 바카라 사이트�, or

(c) in respect of health and social care levy chargeable in respect of relevant earnings within the meaning given by section 104Q(4B),바카라 사이트�.

Relief for SMEs: calculation of R&D tax credit etc

9 In section 1058A (relevant expenditure on workers)바카라 사이트擻u003c/p>

(a) in subsection (1)(a), in both places it appears, for 바카라 사이트渁nd NIC바카라 사이트漒nsubstitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(b) in subsection (2), in paragraph (c) of Step 1, for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(c) in subsection (3), in paragraph (c), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(d) in subsection (4), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�.

10 (1) Section 1058B (total amount of company바카라 사이트檚 PAYE and NIC liabilities) is amended as follows.

(2) In the heading, for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�.

(3) In subsection (1)바카라 사이트擻u003c/p>

(a) in the words before paragraph (a), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(b) omit the 바카라 사이트渁nd바카라 사이트� at the end of paragraph (a);
(c) at the end of paragraph (b) insert 바카라 사이트�, and (c) amount C.바카라 사이트漒u003c/p>

(4) After subsection (4) insert바카라 사이트擻u003c/p>

바카라 사이트�(4A) Amount C is the total amount of health and social care levy chargeable in respect of relevant earnings for which the company is required to account to an officer of Revenue and Customs for the accounting period.

(4B) In subsection (4A), 바카라 사이트渞elevant earnings바카라 사이트� means earnings in respect of which Class 1 national insurance contributions that are included in amount B are payable.바카라 사이트漒u003c/p>

(5) In subsection (5)바카라 사이트擻u003c/p>

(a) in the words before paragraph (a), after 바카라 사이트渁mount B바카라 사이트� insert 바카라 사이트渁nd amount C바카라 사이트�;
(b) for paragraphs (a) to (g) (and the 바카라 사이트�바카라 사이트�바카라 사이트� before them) substitute 바카라 사이트渁ny sum within section 4(1)(a) of the Social Security Contributions and Benefits Act 1992 or section 4(1)(a) of the Social Security Contributions and Benefits Act 1992, as those provisions have effect from time to time.바카라 사이트漒u003c/p>

11 In section 1058C (avoiding double counting of PAYE and NIC liabilities)바카라 사이트擻u003c/p>

(a) in the heading, for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(b) in the words before paragraph (a), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�.

12 In section 1060 (payment of tax credit)바카라 사이트擻u003c/p>

(a) in subsection (6), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(b) in subsection (7)바카라 사이트擻u003c/p>

(i) in the words before paragraph (a), for 바카라 사이트渁nd NIC바카라 사이트� substitute 바카라 사이트�, NIC and HSCL바카라 사이트�;
(ii) omit the 바카라 사이트渙r바카라 사이트� at the end of paragraph (a);
(iii) at the end of paragraph (b) insert 바카라 사이트�, or (c) in respect of health and social care levy chargeable in respect of relevant earnings within the meaning given by section 104Q(4B).바카라 사이트漒u003c/p>

13 In section 1123 (바카라 사이트渟taffing costs바카라 사이트�), in subsection (4), after 바카라 사이트渃ontributions바카라 사이트漒ninsert 바카라 사이트渁nd amounts in respect of the health and social care levy바카라 사이트�.

14 In section 1131A (바카라 사이트渟ections 1129 and 1131: secondary Class 1 NICS paid by the company바카라 사이트�)바카라 사이트擻u003c/p>

(a) in the heading, for 바카라 사이트淣ICS바카라 사이트� substitute 바카라 사이트淣IC and HSCL바카라 사이트�;
(b) in subsection (1), in paragraph (c), for 바카라 사이트渟econdary Class 1 national insurance바카라 사이트� insert 바카라 사이트渟pecified social security바카라 사이트�;
(c) in subsection (5), for 바카라 사이트渆arning바카라 사이트� substitute 바카라 사이트渆arnings바카라 사이트�;
(d) at the end insert바카라 사이트擻u003c/p>

바카라 사이트�(6) A 바카라 사이트渟pecified social security contribution바카라 사이트� means, in relation to a payment of deemed direct earnings, an amount payable by the company in respect of바카라 사이트擻u003c/p>

(a) secondary Class 1 national insurance contributions;
(b) the health and social care levy.바카라 사이트漒u003c/p>

Question 4

PART 3 &#48148;&#52852;&#46972; &#49324;&#51060;&#53944;� CLAIM NOTIFICATIONS

Accepted Answer

Requirement to make claim notifications in relation to certain R&D claims

15 (1) Chapter 6A of Part 3 of CTA 2009 (trade profits: R&D expenditure credits) is amended as follows.

(2) In section 104A (R&D expenditure credits), after subsection (5) insert바카라 사이트擻u003c/p>

바카라 사이트�(5A) This section is subject to section 104AA.바카라 사이트漒u003c/p>

(3) After that section insert바카라 사이트擻u003c/p>

바카라 사이트�104AA Requirement to make a claim notification

(1) This section applies where바카라 사이트擻u003c/p>

(a) a company has not made an R&D claim or a claim notification in relation to any accounting period before the period mentioned in section 104A(1) (the 바카라 사이트渃laim period바카라 사이트�), or
(b) a company has made an R&D claim or a claim notification in relation to accounting period before the claim period but has not made such a claim or notification for any of the three accounting periods immediately preceding the claim period.

(2) The company is not entitled to an R&D expenditure credit under section 104A in relation to the claim period unless it has made a claim notification within the period of six months beginning with the last day of the claim period.바카라 사이트漒u003c/p>

(4) In section 104Y (interpretation), in subsection (1), before the entry for 바카라 사이트渓arge company바카라 사이트� insert바카라 사이트擻u003c/p>

바카라 사이트�바카라 사이트渃laim notification바카라 사이트� (see section 1142A);바카라 사이트�.

16 (1) Part 13 of CTA 2009 (additional relief for expenditure on R&D) is amended as follows.

(2) In section 1044 (additional deduction in calculating profits of trade), in subsection (9), after 바카라 사이트渟ubject to바카라 사이트� insert 바카라 사이트�바카라 사이트擻u003c/p>

(a) section 1045A (requirement to make a claim notification);
(b) 바카라 사이트�.

(3) Before section 1046 (relief only available where company is going concern) but after the preceding italic heading insert바카라 사이트擻u003c/p>

바카라 사이트�1045A Requirement to make a claim notification

(1) This section applies where바카라 사이트擻u003c/p>

(a) a company has not made an R&D claim or a claim notification in relation to any accounting period before the period mentioned in section 1044(1) (the 바카라 사이트渃laim period바카라 사이트�), or
(b) a company has made an R&D claim or a claim notification in relation to an accounting period before the claim period but has not made such a claim or notification for any of the three accounting periods immediately preceding the claim period.

(2) The company is not entitled to relief under section 1044 in relation to the claim period unless it has made a claim notification within the period of six months beginning with the last day of the claim period.바카라 사이트漒u003c/p>

(4) In section 1054 (entitlement to and payment of tax credit), in subsection (5), after 바카라 사이트渟ubject to바카라 사이트� insert 바카라 사이트�바카라 사이트擻u003c/p>

(a) section 1054A (requirement to make a claim notification);
(b) 바카라 사이트�.

(5) After that section insert바카라 사이트擻u003c/p>

바카라 사이트�1054A Requirement to make a claim notification

(1) This section applies where바카라 사이트擻u003c/p>

(a) a company has not made an R&D claim or a claim notification in relation to any of the three accounting periods immediately preceding the period mentioned in section 1054(1) (the 바카라 사이트渃laim period바카라 사이트�), or
(b) a company has made an R&D claim or a claim notification in relation to an accounting period before the claim period but has not made such a claim or notification for any of the three accounting periods immediately preceding the claim period.

(2) The company is not entitled to an R&D tax credit under section 1054 in relation to the claim period unless it has made a claim notification within the period of six months beginning with the last day of the claim period.바카라 사이트漒u003c/p>

(6) After section 1142 (바카라 사이트渜ualifying body바카라 사이트�) insert바카라 사이트擻u003c/p>

바카라 사이트�1142A 바카라 사이트淐laim notification바카라 사이트漒u003c/p>

(1) For the purposes of this Part a 바카라 사이트渃laim notification바카라 사이트� means, in relation to an R&D claim, a notification made by the company to an officer of Her Majesty바카라 사이트檚 Revenue and Customs in accordance with regulations under subsection (2).

(2) The Commissioners for Her Majesty바카라 사이트檚 Revenue and Customs may by regulations specify, in relation to a claim notification바카라 사이트擻u003c/p>

(a) information to be provided with the notification;
(b) the form and manner in which the notification is to be made.

1142B 바카라 사이트淩&D claim바카라 사이트漒u003c/p>

For the purposes of this Part an 바카라 사이트淩&D claim바카라 사이트� means a claim under바카라 사이트擻u003c/p>

(a) section 104A (R&D expenditure credits),
(b) section 1044 (relief for SMEs: additional deduction), or
(c) section 1054 (entitlement to R&D tax credit).바카라 사이트漒u003c/p>

Question 5

PART 4 &#48148;&#52852;&#46972; &#49324;&#51060;&#53944;� R&D EXPENDITURE ON DATA AND CLOUD COMPUTING

Accepted Answer

Relief for R&D expenditure on data and cloud computing

17 (1) Chapter 9 of Part 13 of CTA 2009 (additional relief for expenditure on R&D: supplementary) is amended as follows.

(2) In the italic heading before section 1125 (바카라 사이트渟oftware or consumable items바카라 사이트�), after 바카라 사이트淪oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�.

(3) In that section바카라 사이트擻u003c/p>

(a) in the heading, after 바카라 사이트淪oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(b) in subsection (1)바카라 사이트擻u003c/p>

(i) in the words before paragraph (a), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(ii) for 바카라 사이트渆xpenditure on바카라 사이트� substitute 바카라 사이트渁n amount paid by the company in respect of바카라 사이트�;
(iii) omit the 바카라 사이트渙r바카라 사이트� at the end of that paragraph;
(iv) after that paragraph insert바카라 사이트擻u003c/p>

바카라 사이트�(aa) data licences,
(ab) cloud computing services, or바카라 사이트�;

(c) after subsection (1) insert바카라 사이트擻u003c/p>

바카라 사이트�(1A) For the purposes of subsection (1)(aa) a data licence is a licence to access and use a collection of digital data.
(1B) For the purposes of subsection (1)(ab) cloud computing services include the provision of access to, and maintenance of, remote바카라 사이트擻u003c/p>

(a) data storage;
(b) operating systems;
(c) software platforms;
(d) hardware facilities.바카라 사이트漒u003c/p>

(4) In section 1126 (software or consumable items: attributable expenditure)바카라 사이트擻u003c/p>

(a) in the heading, after 바카라 사이트淪oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(b) in subsections (1), (2), (3), (4), (5) and (6), in each place it appears, after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�.

(5) After section 1126 insert바카라 사이트擻u003c/p>

바카라 사이트�1126ZA Attributable expenditure: special rules for data and cloud computing

(1) Expenditure on data licences or cloud computing services is not to be treated as attributable to relevant research and development if, in connection with the grant of a licence or the provision of a service, a relevant person obtains바카라 사이트擻u003c/p>

(a) a right to sell data in respect of which the licence is granted or the service is provided (as the case may be);
(b) a right to publish, share or otherwise communicate data in respect of which the licence is granted or the service is provided (as the case may be) to a third party, other than for the purposes of communications reasonably necessary for, or incidental to, the purposes of the relevant research and development.

(2) Expenditure on data licences or cloud computing services is not to be treated as attributable to relevant research and development so far as it is attributable to a qualifying indirect activity.

(3) In this section바카라 사이트擻n바카라 사이트渜ualifying indirect activity바카라 사이트� means an activity mentioned in paragraph 31 of the Guidelines on the Meaning of Research and Development for Tax Purposes (BIS/10/1393) issued on 5 March 2004 and as amended from time to time; 바카라 사이트渞elevant person바카라 사이트� has the meaning given in section 1126A(10).바카라 사이트漒u003c/p>

(6) In section 1126A (attributable expenditure: special rules), in the heading, after 바카라 사이트渟pecial rules바카라 사이트� insert 바카라 사이트渇or consumable items바카라 사이트�.

(7) In section 1126B (attributable expenditure: further provision)바카라 사이트擻n(a) in subsection (1)바카라 사이트擻u003c/p>

(i) after 바카라 사이트渆xpenditure on바카라 사이트� insert 바카라 사이트渄ata licences, cloud computing services or바카라 사이트�;
(ii) after 바카라 사이트�1126바카라 사이트� insert 바카라 사이트�, 1126ZA바카라 사이트�;

(b) in subsection (2)바카라 사이트擻u003c/p>

(i) in paragraph (a), after 바카라 사이트渆xpenditure on바카라 사이트� insert 바카라 사이트渄ata licences, cloud computing services or바카라 사이트�;
(ii) in paragraph (b), after 바카라 사이트渋n which바카라 사이트� insert 바카라 사이트渄ata licences, cloud computing services or바카라 사이트�;

(c) in subsection (4), after paragraph (a) insert바카라 사이트擻u003c/p>

바카라 사이트�(aa) section 1126ZA;바카라 사이트�.

Relief for R&D expenditure on data and cloud computing: consequential amendments

18 CTA 2009 is amended in accordance with paragraphs 19 to 22.

19 In Chapter 6A of Part 3 (trade profits: R&D expenditure credits)바카라 사이트擻u003c/p>

(a) in section 104D (expenditure on sub-contracted R&D undertaken inhouse), in subsection (3)(b), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(b) in section 104G (subsidised qualifying expenditure on in-house direct R&D), in subsection (3)(b), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(c) in section 104J (qualifying expenditure on in-house direct R&D), in subsection (2)(b), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(d) in section 104Y (interpretation), in subsection (2), in the description of sections 1125 to 1126B, after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�.

20 In Part 13 (additional relief for expenditure on R&D)바카라 사이트擻u003c/p>

(a) in Chapter 2 (relief for SMEs: cost of R&D incurred by SME), in section 1052 (qualifying expenditure on in-house direct R&D), in subsection (2)(b), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(b) in Chapter 9 (supplementary), in section 1134 (qualifying element of sub-contractor payment: connected persons), in subsection (3)(c), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�.

21 In Schedule 2 (transitionals and savings), in Part 15 (research and development)바카라 사이트擻u003c/p>

(a) in the italic heading before paragraph 122, after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(b) in paragraph 122(2), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�.

22 In Schedule 4 (index of defined expressions), in both places it occurs, after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�.

23 In section 357BLB of CTA 2010 (qualifying expenditure on relevant R&D undertaken in-house)바카라 사이트擻u003c/p>

(a) in subsection (2), in paragraph (b), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�;
(b) in subsection (7), in paragraph (d), after 바카라 사이트渟oftware바카라 사이트� insert 바카라 사이트�, data licences, cloud computing services바카라 사이트�.

Question 6

PART 5 &#48148;&#52852;&#46972; &#49324;&#51060;&#53944;� AMENDMENTS TO SCHEDULE 18 TO FA 1998

Accepted Answer

24 Schedule 18 to FA 1998 (company tax returns, assessments and related matters) is amended in accordance with paragraphs 25 to 28.

Power of HMRC to collect overpaid R&D tax relief or expenditure credit

25 In paragraph 52 (recovery of excessive repayments etc)바카라 사이트擻u003c/p>

(a) in sub-paragraph (2) omit paragraphs (bza) and (ba);
(b) for sub-paragraph (2A) substitute바카라 사이트擻u003c/p>

바카라 사이트�(2A) The provisions of paragraphs 41 and 45 to 48 relating to discovery assessments apply to an amount paid to a company by way of바카라 사이트擻u003c/p>

(a) first-year tax credit under Schedule A1 to the Capital Allowances Act;
(b) R&D expenditure credit under Chapter 6A of Part 3 of the Corporation Tax Act 2009;
(c) R&D tax credit under Chapter 2 or 7 of Part 13 of that Act,

but only to the extent that the company was not, or is no longer, entitled to the credit.바카라 사이트漒u003c/p>

Time limits for R&D claims

26 For paragraph 83E (time limit for claims) substitute바카라 사이트擻u003c/p>

바카라 사이트�83E(1) Except where sub-paragraph (3) applies, a claim to which this Part of this Schedule applies may be made, amended or withdrawn at any time up to the last day of the period of바카라 사이트擻u003c/p>

(a) two years beginning with the last day of the period of account, in a case where the period of account to which the claim relates is not longer than 18 months, or
(b) 42 months beginning with the first day of the period of account, in any other case.

(2) Sub-paragraph (3) applies where바카라 사이트擻u003c/p>

(a) a company makes a claim for R&D tax relief under Part 13 of the Corporation Tax Act 2009,
(b) the company is not entitled to the relief, and
(c) an officer of Revenue and Customs exercises the power under paragraph 34(2)(b) or (2A) to make an amendment by removing the claim from the company tax return in which it is made.

(3) The company may make, amend or withdraw a claim for R&D expenditure credit under Chapter 6A of Part 3 of the Corporation Tax Act 2009 in respect of eligible expenditure at any time up to whichever is the last of the following dates바카라 사이트擻u003c/p>

(a) 30 days after notice of the amendment mentioned in subparagraph (2)(c) is issued;
(b) if an appeal is brought against that amendment, 30 days after the date on which the appeal is finally determined.

(4) In this paragraph 바카라 사이트渆ligible expenditure바카라 사이트� means expenditure바카라 사이트擻u003c/p>

(a) to which the claim mentioned in sub-paragraph (2)(a) relates, and
(b) in respect of which the company is entitled to R&D expenditure credit.

(5) A claim to which this Part of this Schedule applies may be made, amended or withdrawn after the end of the period mentioned in sub-paragraph (1) or (3) (as the case may be) if an officer of Revenue and Customs allows it.바카라 사이트漒u003c/p>

Requirement to provide additional information in relation to R&D claims

27 In Part 15A (company tax returns etc: claims for R&D expenditure credits or R&D tax relief), after paragraph 83E (substituted by paragraph 26) insert바카라 사이트擻u003c/p>

바카라 사이트淎dditional information to be provided in relation to claim

83EA(1) A claim to which this Part of this Schedule applies is invalid unless the claimant company has provided information to an officer of Revenue and Customs in accordance with regulations under subparagraph (2) within the period mentioned in paragraph 83E.

(2) The Commissioners for Revenue and Customs may by regulations specify, in relation to a claim to which this Part of this Schedule applies바카라 사이트擻u003c/p>

(a) information to be provided by the claimant company;
(b) the form and manner in which the information is to be provided.바카라 사이트漒u003c/p>

Power of HMRC to remove R&D claims made in error from return

28 In Part 9A (claims for R&D expenditure credits or R&D tax relief), after paragraph 83EA (inserted by paragraph 27) insert바카라 사이트擻u003c/p>

바카라 사이트淩emoval from return of claims made in error

83EB(1) This paragraph applies, in relation to a claim to which this Part of this Schedule applies (the 바카라 사이트渙riginal claim바카라 사이트�) where an officer of Revenue and Customs바카라 사이트擻u003c/p>

(a) reasonably believes that a claimant company has failed to comply with a requirement relating to the making of the claim (and accordingly that the claim has been made in error), and
(b) exercises the power under paragraph 16(1) to make a correction by removing the claim from the company tax return in which it is made.

(2) Sub-paragraphs (4) and (5) of paragraph 16 do not apply in relation to the correction (and accordingly the claimant company may not reject the correction).

(3) Nothing in sub-paragraph (2) prevents the claimant company from amending its company tax return to make a new claim to which this Part of this Schedule would apply in respect of the expenditure to which the original claim related (but see subparagraph (4)).

(4) Where, in relation to the original claim바카라 사이트擻u003c/p>

(a) a claim notification (within the meaning of section 1142A of the Corporation Tax Act 2009) was required to be made, and
(b) no claim notification was made, the company may not make a new claim to which this Part of this Schedule would apply in respect of the expenditure to which the original claim related.바카라 사이트漒u003c/p>

Question 7

PART 6 &#48148;&#52852;&#46972; &#49324;&#51060;&#53944;� MISCELLANEOUS AMENDMENTS

Accepted Answer

R&D tax relief: circumstances in which enterprises are treated as SMEs

29 CTA 2009 is amended as follows.

30 (1) In section 1119바카라 사이트擻u003c/p>

(a) in subsection (1), at the end insert 바카라 사이트�(and see sections 1120A and 1120B)바카라 사이트�;
(b) in subsection (2), for 바카라 사이트渟ection 1120바카라 사이트� substitute 바카라 사이트渟ections 1120 to 1120B바카라 사이트�.

(2) In section 1120 (qualifications to section 1119)바카라 사이트擻u003c/p>

(a) after subsection (6) insert바카라 사이트擻u003c/p>

바카라 사이트�(6A) This section is subject to sections 1120A and 1120B.바카라 사이트�;

(b) in subsection (7), in the words before paragraph (a), after 바카라 사이트渟ection바카라 사이트漒ninsert 바카라 사이트渁nd sections 1120A and 1120B바카라 사이트�.

(3) After that section insert바카라 사이트擻u003c/p>

바카라 사이트�1120A Enterprise treated as an SME where related enterprise becomes large

(1) This section applies, in relation to an accounting period, where the following conditions are met.

(2) The first condition is that, for the duration of the accounting period, an enterprise (바카라 사이트淓바카라 사이트�) is related to a partner enterprise or linked enterprise (바카라 사이트淔바카라 사이트�).

(3) The second condition is that, at the start of the accounting period, both E and F are small or medium-sized enterprises.

(4) The third condition is that, at the end of the accounting period, E is not a small or medium-sized enterprise by reason only that F has, during the accounting period, exceeded the employee limit or either of the financial limits.

(5) Both E and F are to be treated as if they were small or medium-sized enterprises for the accounting period.

1120B Enterprise treated as an SME where acquired by an SME

(1) This section applies, in relation to an accounting period, where the following conditions are met.

(2) The first condition is that, at the start of the accounting period, an enterprise (바카라 사이트淓바카라 사이트�) was not a small or medium-sized enterprise by reason only that a partner enterprise or linked enterprise to which E was related exceeded the employee limit or either of the financial limits.

(3) The second condition is that, during the accounting period, control of E was acquired by a company that, at the time of the acquisition, was a small or medium-sized enterprise.

(4) E is to be treated as if it were a small or medium-sized enterprise for the accounting period.

(5) In subsection (3) 바카라 사이트渃ontrol바카라 사이트� has the same meaning as in section 1124 of CTA 2010.바카라 사이트漒u003c/p>

Accounts treated as prepared on going concern basis

31 (1) In section 104T (R&D expenditure credits: 바카라 사이트済oing concern바카라 사이트�), after subsection (1) insert바카라 사이트擻u003c/p>

바카라 사이트�(1A) For the purpose of subsection (1)(a), where a company is a member of a group and the company바카라 사이트檚 latest published accounts were not prepared on a going concern basis by reason only of a relevant group transfer, the accounts are to be treated as if they were prepared on a going concern basis.
(1B) A 바카라 사이트渞elevant group transfer바카라 사이트� is a transfer within the accounting period to which the latest published accounts relate by the company of its trade and research and development to another member of a group of which the company is a member.바카라 사이트漒u003c/p>

(2) In section 1046 (R&D relief for SMEs: relief only available where company is going concern), after subsection (2) insert바카라 사이트擻u003c/p>

바카라 사이트�(2ZA) For the purpose of subsection (2)(a), where a company is a member of a group and the company바카라 사이트檚 latest published accounts were not prepared on a going concern basis by reason only of a relevant group transfer, the accounts are to be treated as if they were prepared on a going concern basis.
(2ZB) A 바카라 사이트渞elevant group transfer바카라 사이트� is a transfer, within the accounting period to which the latest published accounts relate, by the company of its trade and research and development to another member of a group of which the company is a member.바카라 사이트漒u003c/p>

(3) In section 1057 (R&D relief for SMEs: tax credit only available where company is going concern), after subsection (4) insert바카라 사이트擻u003c/p>

바카라 사이트�(4ZA) For the purpose of subsection (4)(a), where a company is a member of a group and the company바카라 사이트檚 latest published accounts were not prepared on a going concern basis by reason only of a relevant group transfer, the accounts are to be treated as if they were prepared on a going concern basis.
(4ZB) A 바카라 사이트渞elevant group transfer바카라 사이트� is a transfer, within the accounting period to which the latest published accounts relate, by the company of its trade and research and development to another member of a group of which the company is a member.바카라 사이트漒u003c/p>

Meaning of expenditure incurred on payments

32 (1) In section 104Y (R&D expenditure credits: interpretation), at the end insert바카라 사이트擻u003c/p>

바카라 사이트�(4) References in this Chapter to expenditure incurred on payments (however expressed) are references to expenditure incurred on payments made before the making of a claim under this Chapter in relation to that expenditure.바카라 사이트漒u003c/p>

(2) Before section 1140 insert바카라 사이트擻u003c/p>

바카라 사이트�1139A Expenditure incurred on payments

(1) References in this Part to expenditure incurred on payments (however expressed) are references to expenditure incurred on payments made before the making of a claim under this Part in relation to that expenditure.바카라 사이트漒u003c/p>

Question 8

PART 7 &#48148;&#52852;&#46972; &#49324;&#51060;&#53944;� COMMENCEMENT

Accepted Answer

33 The amendments made by this Schedule have effect in relation to claims made in respect of accounting periods beginning on or after 1 April 2023.

Draft legislation accessible version

1 R&D 1 R&D tax relief and expenditure credit

SCHEDULE 1

R&D TAX RELIEF AND EXPENDITURE CREDIT

R&D expenditure: activities in the UK etc

R&D expenditure: UK workers etc

Exclusion of overseas expenditure rules from patent box regime

Trade profits: calculation of R&D expenditure credits etc

Relief for SMEs: calculation of R&D tax credit etc

PART 3 바카라 사이트� CLAIM NOTIFICATIONS

Requirement to make claim notifications in relation to certain R&D claims

PART 4 바카라 사이트� R&D EXPENDITURE ON DATA AND CLOUD COMPUTING

Relief for R&D expenditure on data and cloud computing

Relief for R&D expenditure on data and cloud computing: consequential amendments

PART 5 바카라 사이트� AMENDMENTS TO SCHEDULE 18 TO FA 1998

Power of HMRC to collect overpaid R&D tax relief or expenditure credit

Time limits for R&D claims

Requirement to provide additional information in relation to R&D claims

Power of HMRC to remove R&D claims made in error from return

PART 6 바카라 사이트� MISCELLANEOUS AMENDMENTS

R&D tax relief: circumstances in which enterprises are treated as SMEs

Accounts treated as prepared on going concern basis

Meaning of expenditure incurred on payments

PART 7 바카라 사이트� COMMENCEMENT

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1 R&D 1 R&D tax relief and expenditure credit

SCHEDULE 1

R&D TAX RELIEF AND EXPENDITURE CREDIT

R&D expenditure: activities in the UK etc

R&D expenditure: UK workers etc

Exclusion of overseas expenditure rules from patent box regime

PART 2 바카라 사이트� AMENDMENTS RELATING TO THE HEALTH AND SOCIAL CARE LEVY

Trade profits: calculation of R&D expenditure credits etc

Relief for SMEs: calculation of R&D tax credit etc

PART 3 바카라 사이트� CLAIM NOTIFICATIONS

Requirement to make claim notifications in relation to certain R&D claims

PART 4 바카라 사이트� R&D EXPENDITURE ON DATA AND CLOUD COMPUTING

Relief for R&D expenditure on data and cloud computing

Relief for R&D expenditure on data and cloud computing: consequential amendments

PART 5 바카라 사이트� AMENDMENTS TO SCHEDULE 18 TO FA 1998

Power of HMRC to collect overpaid R&D tax relief or expenditure credit

Time limits for R&D claims

Requirement to provide additional information in relation to R&D claims

Power of HMRC to remove R&D claims made in error from return

PART 6 바카라 사이트� MISCELLANEOUS AMENDMENTS

R&D tax relief: circumstances in which enterprises are treated as SMEs

Accounts treated as prepared on going concern basis

Meaning of expenditure incurred on payments

PART 7 바카라 사이트� COMMENCEMENT

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