Corporation Tax Act 2009 section 1041

"Research and development"

Section 1041 defines the meaning of "research and development" as used in this Part of the Act, by referring to the definition set out in section 1138 of the Corporation Tax Act 2010.

• The term "research and development" has a specific statutory meaning for corporation tax purposes.
• The definition is found in section 1138 of the Corporation Tax Act 2010, and this section directs readers to that definition.
• The term aligns with guidelines published by the Department for Business, Enterprise and Regulatory Reform (formerly the Department of Trade and Industry).
• Using a standardised definition ensures consistency across the various R&D-related tax relief provisions.