This is a 2-part question, both of which probably have simple answers ...
1. I have a client who capitalises in their accounts £270k of software development (£250k eligible for R&D). If I understand correctly, as they capitalised it they are only allowed to claim 100% RDA, rather than the 230% had the costs been expensed. Is that right?
2. They have b/f losses of £1m & CY profit of £800k. Am I right that any R+D has to be deducted from the profit before dealing with the b/f? Or can they use the b/f, then put in a claim for the R+D cash refund?