Treatment of sub-contractor payment in other casesU.K.
11Where the principal makes a sub-contractor payment and—
(a)the principal and the sub-contractor are not connected persons, and
(b)no election is made under paragraph 10 (election for connected persons treatment),
65% of the amount of the sub-contractor payment is treated as qualifying expenditure on sub-contracted research and development.
This is subject to paragraph 7 (conditions that must be satisfied by qualifying expenditure on sub-contracted R&D).
Commencement Information
I1Sch. 13 has effect in relation to expenditure incurred on or after 22.4.2003 by The Finance Act 2002, Schedule 13 (Appointed Day) Order 2003 (S.I. 2003/1472), art. 2 (with para. 28(1))