Chapter 7U.K.Relief for large companies: vaccine research etc
IntroductoryU.K.
F11085Overview of ChapterU.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
F11086Meaning of “qualifying R&D activity”U.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
ReliefsU.K.
F11087Deduction in calculating profits of tradeU.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
F11088Declaration about effect of reliefU.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
F21089SMEs: amount of deductionU.K.
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Textual Amendments
F2S. 1089 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 24
F31090Modification of section 1089 for larger SMEsU.K.
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Textual Amendments
F3S. 1090 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 24
F11091Amount of deductionU.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
F41092SMEs: deemed trading loss for pre-trading expenditureU.K.
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Textual Amendments
F4Ss. 1092-1096 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 26
F41093Modification of section 1092 for larger SMEsU.K.
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Textual Amendments
F4Ss. 1092-1096 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 26
F41094Relief only available to SME where company is going concernU.K.
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Textual Amendments
F4Ss. 1092-1096 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 26
Deemed trading loss: further provisionU.K.
F41095Elections under section 1092U.K.
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Textual Amendments
F4Ss. 1092-1096 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 26
F41096Treatment of deemed trading loss under section 1092U.K.
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Textual Amendments
F4Ss. 1092-1096 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 26
ThresholdU.K.
F51097R&D thresholdU.K.
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Textual Amendments
F5S. 1097 omitted (with effect in accordance with Sch. 3 para. 39 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 7(5)
Qualifying expenditureU.K.
F11098Meaning of “qualifying Chapter 7 expenditure”U.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
F61099SMEs: qualifying expenditure “for” an accounting periodU.K.
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Textual Amendments
F6S. 1099 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 26
F11100Qualifying expenditure “for” an accounting periodU.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
F11101Qualifying expenditure on in-house direct R&DU.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
F11102Qualifying expenditure on contracted out R&DU.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)
Tax credit: entitlement and paymentU.K.
F71103Entitlement to and payment of tax creditU.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
F71104Meaning of “Chapter 7 surrenderable loss”U.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
F71105Amount of trading loss which is “unrelieved”U.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
F71106Tax credit only available where company is going concernU.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
Amount of tax creditU.K.
F71107Amount of tax creditU.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
F71108Total amount of company's PAYE and NIC liabilitiesU.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
SupplementaryU.K.
F71109Payment of tax creditU.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
F71110Tax credit payment not income of companyU.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
F71111Restriction on losses carried forward where tax credit claimedU.K.
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Textual Amendments
F7Ss. 1103-1111 omitted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 3 para. 28
Tax avoidanceU.K.
F11112Artificially inflated claims for reliefU.K.
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Textual Amendments
F1Pt. 13 Ch. 7 omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(2)