Finance Act 2002 (c. 23)

SCHEDULES

SCHEDULE 15 U.K. R&D tax relief for small and medium-sized enterprises: minor and consequential amendments

5 U.K. In paragraph 12 (treatment of sub-contractor payments where principal and sub-contractor unconnected), for paragraph (b) substitute—

“(b) the company and the sub-contractor are not connected persons, and

(c) no election is made under paragraph 11,”.