As I Blogged on 2nd September, HMRC have been consulting on draft guidance on the meaning of “production” for R&D purposes.  This guidance, once finalised, will replace the guidance currently contained in CIRD81350.  This latest draft guidance represents quite a step from what had been a very entrenched position for HMRC; it is just a shame that they didn’t take more notice of representations at an earlier stage.

My comments in response to this consultation can be read here.

The consultation is open until Friday.