CIRD98300 - R&D tax relief: legislative structure and time line: FA03 changes

Amendments to schemes in FA03

FA03/S168 and FA03/SCH31 introduced various changes to the R&D schemes.

These changes covered:

• A reduction in the de minimis limits ( CIRD81600) from £25,000 to £10,000 per annum for both the SME and large company schemes - FA03/SCH31/PARA2 and PARA 9.
• The inclusion of a new category of qualifying expenditure - expenditure on externally provided workers ( CIRD84000) - FA03/SCH31/PARA3 onwards.
• Removal of the 80:20 arrangements for expenditure on staffing costs ( CIRD83800) incurred on or after 9 April 2003 under the large company scheme and for expenditure incurred on or after 27 September 2003 for SMEs.
• An extension of the large company scheme to SMEs that were barred from claiming under the rules of the SME scheme by virtue (only) of having subsidised expenditure CIRD89000 (FA03/SCH31/PARA10A).

The start dates for the various provisions for SMEs or large companies are set out in FA03/S168.