Statutory Instruments
2000 No. 2081
INCOME TAX
The Research and Development (Prescribed Activities) Regulations 2000
Made
28th July 2000
Laid before the House of Commons
31st July 2000
Coming into force
21st August 2000
The Treasury, in exercise of the powers conferred upon them by section 837A(3) and (4) of the Income and Corporation Taxes Act 1988( 1 ), hereby make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Research and Development (Prescribed Activities) Regulations 2000 and shall come into force on 21st August 2000.
Interpretation
2. In these Regulations—
“the Guidelines” means the “Guidelines on the Meaning of Research and Development (R&D) for Tax Purposes” which were issued for the purposes of section 837A by the Secretary of State for the Department of Trade and Industry on 28th July 2000( 2 );
“section 837A” means section 837A of the Income and Corporation Taxes Act 1988 .
Prescribed activities
3. —(1) The activities prescribed by paragraph (2) of this regulation are not “ research and development” for the purposes of section 837A and the activities prescribed by paragraph (3) of this regulation are “research and development ” for those purposes.
(2) The activities prescribed by this paragraph are activities that fall to be treated as not being research and development in accordance with the Guidelines.
(3) The activities prescribed by this paragraph are activities that fall to be treated as research and development in accordance with the Guidelines.
Jim Dowd
Greg Pope
Two of the Lords Commissioners of Her Majesty’s Treasury
28th July 2000
1988 c. 1 ; section 837A was inserted by paragraph 1 of Schedule 19 to the Finance Act 2000 (c. 17) .
The Guidelines are available on the Department of Trade and Industry’s website ( http://www.dti.gov.uk/support/taxcredit ) and copies may also be obtained from the Department of Trade and Industry, 1 Victoria Street, London SW1H 0ET.