My SME has received a grant from a US-based 501(c)(3) organization to perform R&D.
As this seems to be "R&D contracted to a SME", it is not possible to claim under the SME R&D Scheme. However, an SME can claim for subcontracted R&D under the RDEC scheme if the R&D is contracted to the SME by "a large company" or "any person otherwise than in the course of carrying on a chargeable trade. (A chargeable trade is a trade, profession or vocation carried on wholly or partly in the United Kingdom, the profits of which are chargeable to income tax under Chapter 2, of Part 2 of ITTOIA 2005, or chargeable to corporation tax under Chapter 2 of Part 3 of CTA 2009)" (from CIRD89750).
Could this apply if the company that subcontracted the work out to my SME is a US-based 501(c)(3)? What should I find out about the 501(c)(3) to work out if I can claim RDEC on the work it subcontracts out to me.
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Is a grant the same as a fee? Who keeps the benefits of the R&D?
Just asking because I don't usually associate grants with a subconrtract