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Inland Revenue

Tax Policy

PUBLISHED 5 April 2016

Special report: Cash out of research and development tax losses

The Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Mattters) Act 2016 introduces new rules that will allow start-up companies engaging in intensive research and development activities to cash out their tax losses for research and development expenditure. This special report provides early information about the new rules. Full coverage of the new Act will be published in the April edition of the Tax Information Bulletin.