Intellectual Property Magazine: Thomas Hayden’s article calls for clarity on R&D
In his article ‘Barriers to relief’, Thomas Hayden argues that further clarification is needed on what activity qualifies for R&D tax relief. If the UK is to remain the premier destination for software start-ups in Europe, it is important that the routes to funding the development of intellectual property are fit for purpose. The solution is straight-forward: the government needs to streamline the legislation and remove the requirement for expenditure to be not capital in nature in order to qualify for tax relief.
Full article here.