This
adran has no associated
Nodiadau Esboniadol
7(1)Chapter 7 (relief for SMEs and large companies: vaccine research etc) is amended as follows.U.K.
(2)In section 1085 (overview of Chapter), in subsection (5), omit paragraph (c).
(3)In section 1087 (deduction in calculating profits of trade)—
(a)in subsection (1), omit “, B”, and
(b)omit subsection (3).
(4)In section 1092 (SMEs: deemed trading loss for pre-trading expenditure), omit subsection (3).
(5)Omit section 1097 (R&D threshold).