For those small or medium sized enterprises (SMEs) which are claiming enhanced tax relief on expenditure on R&D, the condition that they must own any intellectual property
deriving from the R&D is to be removed.
This beneficial change will have affect any R&D expenditure incurred by SME companies in accounting periods ending on or after 9 December 2009.
There will be a Review of R&D tax credits and Intellectual Property (IP) taxation shortly. The Government is to consult with business in Autumn 2010 to review the taxation of IP, and to review the R&D tax credits system.
