A recent landmark tribunal victory against HMRC, pertaining to a disputed £1 million Research & Development (R&D) tax relief claim, Quinn (London) Limited v Revenue & Customs, has important implications for all limited companies seeking to claim R&D tax relief, particularly Small and Medium Sized Enterprises (SMEs). The landmark First-tier Tribunal (FTT) judgment regarding SME R&D tax relief and subsidised R&D expenditure was based upon an...
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