UK: R&D qualifying bodies list update

The Research and Development (Qualifying Bodies) (Tax) Order 2012 has been approved by the House of Commons, to come into effect on February 28th, 2012. The Order updates the list of qualifying bodies for R&D purposes – contributions to qualifying bodies can be eligible for the large company R&D relief.

Broadly, qualifying bodies are UK charities, universities, scientific research organisations or health service bodies. The Treasury can also specify particular bodies by Order, which is what this latest Order does: it sets out a list of overseas bodies that will be regarded as qualifying bodies – these are all universities, with a focus on medical faculties in particular.

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