What qualifies as research and development for tax purposes? The Government has taken a bit of stick this year for its handling of R&D tax credits claims, but there is little hard evidence that it tightened its rules.
Can business expect to get more clarity on this expensive but valuable tax credit process? Will Stirling asks.
A superyacht can cost £1 million per metre to build, if you choose a reputable Northern European shipyard. As these luxury goods are mainly one-offs, calculating what constitutes R&D and what is real ‘production’ for tax purposes is somewhat tricky. Particularly if the yard builds a prototype hull that is used in the development of…
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