Corporation Tax Act 2009 section 104F

Subsidised qualifying expenditure

Section 104F defines what is meant by "subsidised qualifying expenditure" for SME companies claiming R&D expenditure credits.

• Subsidised qualifying expenditure is a specific category of R&D spending relevant to SME companies
• It covers two types of R&D activity: in-house direct R&D and contracted out R&D
• The rules for subsidised in-house direct R&D expenditure are set out separately in section 104G
• The rules for subsidised contracted out R&D expenditure are set out separately in section 104H