Research and Development can be basically defined for tax relief purposes as:
If a particular advance has been made but details are not publicly available, if for example it is a trade secret, then work to achieve the advance can still be an advance that qualifies as R&D for tax purposes.
It could therefore be the case that two rival companies have developed virtually the same product independently of each other but both qualify for R&D tax relief.
What is R&D (Research and Development)?
Can sole traders and partnerships claim R&D (Research and Development)?
How far back can I claim R&D (Research and Development) tax relief?
What type of projects count as R&D (Research and Development)?
What are the different types of R&D (Research and Development) relief?
What if I’ve received a grant for the same project?
What if I’ve made a loss?
What if the project has failed?
What costs qualify for inclusion in a claim?
How do I make a claim?
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