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R&D — Defining the Indefinable?

Andrew Packman, Head of Research and Development, PricewaterhouseCoopers, discusses the recent consultation document on the definition of research and development

 
Andrew Packman Head of Research and Development PricewaterhouseCoopers discusses the recent consultation document on the definition of research and development
 
Gordon Brown announced in the 2003 Budget that the Inland Revenue in conjunction with the Treasury and the DTI would consult on the definition of research and development (R&D) as part of the Government's continuing policy objective to drive productivity by encouraging innovation. The consultation document was issued on 10 July with a request for a response by 10 October in the following principal areas:
 
●     the definition of R&D;
 
●     the meaning of consumable stores; and
 
●     the treatment...

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