Vol 31 No 9
01 Oct 2019

TIB - October 2019

In this issue: New legislation, BR Pub 19/04, QB 19/12 - 14, OS 19/04a, OS 19/04b, DEP104, Legal decisions - case notes


Taxation (Research and Development Tax Credits) Act 2019: the rationale provided for the exclusion applying to above market value good and services (Schedule 21B Part B Clause 17) at the bottom of page 28 has been clarified. 

It should read:

"This provision is intended to apply broadly, so applies to transactions with associates and third parties. The amount paid which exceeds the market value is not eligible expenditure".