Jurisdiction(s):
United Kingdom

Key definition

Large company definition

What does Large company mean? In practice, this describes a company too large to use the small or medium-sized company regimes for statutory accounts and reports. It covers all public companies (quoted or unquoted) and any private company that does not qualify as small or medium. In the UK (England & Wales, Scotland and Northern Ireland), “large company” is a statutory size category under the Companies Act 2006 and related accounts regulations. In Ireland, an equivalent categorisation applies under the Companies Act 2014 (as amended). In both jurisdictions, size is determined by reference to statutory thresholds for turnover, balance sheet total and average...

UK corporation tax: Large company R&D relief (pre‑1 April 2016)—130% enhanced deduction, eligibility, qualifying expenditure and sub‑contracting (Archived)

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Practice notes

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large company R&D relief (pre–1 April 2016) [Archived]

ARCHIVED: This Practice Note has been archived and is no longer maintained. It explains the large company R&D relief, which ceased with effect from 1 April 2016 and was superseded by the R&D expenditure credit (RDEC). The former relief remained in point until 1 April 2016 for expenditure incurred up to that date. Up to and including 31 March 2016, large companies—and smes claiming the large company equivalent where their spend did not meet the SME relief criteria—could make an irrevocable election to take the RDEC in place of the large company R&D relief for qualifying costs incurred on or after 1 April 2013. The RDEC is now the only R&D relief open to those businesses; for details, see Practice Note: R&D expenditure credit (pre-1 April 2024). This Practice Note records the rules as they applied before 1 April 2016. Subject to conditions being satisfied, a large company could claim an enhanced deduction equal to 130% of its qualifying R&D expenditure when computing profits chargeable to corporation tax...

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Web page updated on 22/05/2026

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