Finance Act 2020 (c. 14)

PART 1 U.K. Income tax, corporation tax and capital gains tax

Reliefs for business U.K.

28 Research and development expenditure credit U.K.

(1) In section 104M(3) of CTA 2009 (amount of R&D expenditure credit) for “12%” substitute “ 13% ”.

(2) The amendment made by this section has effect in relation to expenditure incurred on or after 1 April 2020.