During the year to 31 March 2024, a company which qualifies as medium-sized spends 180,000 on research

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During the year to 31 March 2024, a company which qualifies as medium-sized spends £180,000 on research and development. This is qualifying expenditure under the R&D tax relief scheme. Explain the corporation tax treatment of this expenditure.

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 03, 2024 02:02 AM

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During the year to 31 March 2024, a company which qualifies as medium-sized spends 180,000 on research

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The company may deduct 334800 180000 186 in relation to this RD expenditure when computing its tradi...View the full answer

Taxation Finance Act 2023

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