| Date |
Legislative change |
| 01/04/00 |
SME scheme introduced. Minimum spend in an accounting
period set at £25,000 per annum. For accounting
periods straddling 1 April 2000, it only applied to expenditure on or
after that date CIRD90000.
|
| 28/07/00 |
DTI guidelines on the meaning of R&D issued CIRD81990.
|
| 01/04/02 |
Large company scheme introduced. Minimum spend in
an accounting period set at £25,000 per annum
CIRD81600. |
| 01/04/02 |
SMEs able to claim under the large company scheme
for qualifying expenditure where they act as subcontractor to
a large or overseas company or a non-taxpaying body and are
unable to claim under SME scheme in respect of expenditure incurred
on or after this date CIRD89500.
|
| 06/04/03 |
Income Tax Earnings and Pensions Act 2003 (ITEPA) changed the definition
of staffing costs incurred in accounting periods ending on
or after this date to include certain benefits CIRD83200.
|
| 09/04/03 |
For accounting periods beginning on or after this date, SMEs
able to claim under the large company scheme where they were
barred from a claim under the SME scheme only by reason of being in
receipt of subsidised expenditure CIRD89000.
|
| 09/04/03 |
For accounting periods beginning on or after this date the minimum
spend in an accounting period for the large company scheme
was set at £10,000 CIRD81600.
|
| 09/04/03 |
Expenditure incurred on or after this date on the provision of externally
provided workers becomes qualifying expenditure under the large
company scheme CIRD84000.
|
| 09/04/03 |
For expenditure on staffing costs incurred on or after this date there
is no 80:20 arrangement under the large company scheme
CIRD83800. |
| 27/09/03 |
For accounting periods beginning on or after this date minimum spend
for SMEs set at £10,000 CIRD81600.
|
| 27/09/03 |
Expenditure incurred on or after this date by SMEs
on externally provided workers became qualifying expenditure
CIRD84000. |
| 27/09/03 |
For expenditure on staffing costs incurred on or after this date there
is no 80:20 arrangement under the SME scheme CIRD83800.
|
| 05/03/04 |
New guidelines on meaning of R&D issued. Brought
into force by SI2004/712 for accounting periods ending on or after 1
April 2004, although they can also be applied to earlier periods as
the revision is intended to be a clarification rather than a change
CIRD81900. |
| 01/04/04 |
ITEPA change to staffing costs, which allowed expenditure
on certain benefits to be claimed, is reversed CIRD83250.
|
| 01/04/04 |
Consumable items (including power, water and fuel) and computer
software introduced as, and consumable stores ceased to be,
categories of qualifying expenditure for expenditure on or after this
date for both the SME and the large company schemes
CIRD82450, CIRD82300
and CIRD82500. |
| 01/01/05 |
New EU definition of SME effective for accounting
periods ending on or after this date CIRD91500.
|
| 01/01/05 |
Changes to the timing of the relief where expenditure
incurred in accounting periods beginning on or after this date is not
written off immediately to the profit and loss account but
is included on the balance sheet in the cost of an intangible
asset CIRD98500.
|
