Research and development
You'll learn how research and development tax relief works for UK companies under the current unified system. This video covers qualifying R&D expenditure (staff costs, materials, utilities, and external contractors), how the R&D expenditure credit is calculated at 20% of qualifying costs, and how it reduces your
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In this lesson
- 0:00 Research and development tax relief overview
- 0:22 Capital and revenue expenditure treatment
- 0:35 Qualifying R&D expenditure categories
- 1:27 R&D expenditure credit mechanism explained
- 2:32 Legacy Limited worked example
- 4:43 Net tax saving and government subsidy effect
About this lesson
corporation tax liability. Through a worked example, you'll see how the credit creates an effective 15% government subsidy on R&D spending—essential knowledge for TX (Taxation) and corporation tax planning in your ACCA studies.
Duration: 6m
Transcript
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