Expenditure on research and development directly undertaken by the SMEU.K.
9(1)The first condition of this paragraph is that the expenditure is incurred on research and development directly undertaken by the SME.
(2)The second condition is that the expenditure is incurred—
(a)on staffing costs, or
(b)on consumable stores.
(3)The third condition is that the expenditure is attributable to relevant research and development in relation to the SME.
(4)The fourth condition is that the expenditure is not of a capital nature.