Reply to: Budget 2011

[Sysman]

It's hard to claim - my view is that it that relief was created specifically to appease pharma industry.

Could be and there's a precedent within the NHS. I dunno if it's still the same but in the 1980s hospital consultants were encouraged to do research out of NHS funds and still claim the IP themselves. It was seen as a cost effective way of advancing research.

[shaunbhoy]

Scary as it is, I write software used to train physicians. If you ever have a non-invasive heart operation, it's possible the doctor practised on something I developed. Is that enough motivation to stay of the cheeseburgers?

off



There are two 's's in Bypass FYI

HTH

[d000hg]

Getting a bit ahead of yourself ain't ya? Not sure Lab Rats have much clout when it comes to these matters.

Scary as it is, I write software used to train physicians. If you ever have a non-invasive heart operation, it's possible the doctor practised on something I developed. Is that enough motivation to stay of the cheeseburgers?

[shaunbhoy]

Well I work in a related field - medical - so we'll see. If it ever gets anywhere I'll report back for anyone who gives a damn.

Getting a bit ahead of yourself ain't ya? Not sure Lab Rats have much clout when it comes to these matters.

[wobbegong]

Who could've seen that one coming . . .

Does he really expect that to either be passed on to the motorist, or, if it is passed on, to make any difference?

It going up by a penny a week around here, so any reduction will be nullified by this time next week.

Petrol Retailers Have Yet To Pass On Fuel Duty Drop To Prices At The Pump | Business | Sky News

[AtW]

I didn't realise Minestrone worked for Sasguru.

[NotAllThere]

I didn't realise Minestrone worked for Sasguru.

[d000hg]

Well I work in a related field - medical - so we'll see. If it ever gets anywhere I'll report back for anyone who gives a damn.

[AtW]

It's hard to claim - my view is that it that relief was created specifically to appease pharma industry.

[doodab]

That part isn't a problem, the stuff I work already does this but it's work I bill for so not sure it's R&D... but I could do similar work as a plan B if HMRC will pay for it
I'm more concerned that it seems you have to open up your work to the public, since advancing science is only the case if other people can see what you're up to.

Subcontractors
You can't claim R&D Relief under the SME Scheme if you are a subcontractor - that is, if you have been subcontracted to do the work on behalf of somebody else. But, even if your company is small or medium-sized, you may still be able to claim, as a subcontractor, under the Large Company Scheme.

I don't think you necessarily need to open your work up to the public, actually one of the conditions is that your company has to own all the IP generated.

HM Revenue & Customs: Research and Development (R&D) Relief for Corporation Tax

Actually it also says

HMRC accepts that where the terms of R&D require that the IP is to be placed in the public domain then the condition is satisfied.

http://www.hmrc.gov.uk/manuals/cirdmanual/cird81550.htm

[d000hg]

That part isn't a problem, the stuff I work already does this but it's work I bill for so not sure it's R&D... but I could do similar work as a plan B if HMRC will pay for it
I'm more concerned that it seems you have to open up your work to the public, since advancing science is only the case if other people can see what you're up to.

[doodab]

No I'm buttering him up (not on the arse!) to get advice how to make HMRC give me free money too.

In a nutshell, you have to do actual research and development that pushes forward the state of the art. You can't just learn how to do something that other people already know how to do.

[d000hg]

I would do no such thing but rather offer the opinion that you are arse licking AtW in the hope that you might get some of his VC money before it is all spent.

No I'm buttering him up (not on the arse!) to get advice how to make HMRC give me free money too.

[AtW]

I would do no such thing but rather offer the opinion that you are arse licking AtW in the hope that you might get some of his VC money before it is all spent.

[doodab]

I'm not sure, but do the subtitles around 20s in say "Satan wants your mums asshole" ?