R&D tax incentive draft guidance material
The Taxation (Research and Development Tax Credits) Bill is being considered by Parliament’s Finance and Expenditure Committee. This Bill proposes a new tax incentive for businesses conducting research and development.
Inland Revenue has released draft guidance, based on the Bill as introduced, to explain the eligibility criteria and what businesses need to do.
Officials are seeking feedback on the draft guidance material before it is finalised.
As the Bill is still before Parliament, this material is subject to change. Following enactment, the final guidance material will be published on Inland Revenue's website.
Comments closed on 31 March 2019.