Corporation Tax Act 2010 section 470

Meaning of "research and development" in section 469

Section 470 defines what counts as "research and development" for the purposes of qualifying as a scientific research association under section 469.

• The definition of "research and development" used for scientific research association status follows the standard definition set out in section 1138 of the Corporation Tax Act 2010.
• The Government has the power to make regulations specifying which activities do or do not count as research and development.
• Regulations made specifically for scientific research association purposes may include provisions that are additional to, or different from, the general research and development rules that apply elsewhere.
• This means the scope of qualifying research and development activities for scientific research associations could potentially be broader or narrower than the standard definition used in other tax contexts.