SCHEDULES

SCHEDULE 20 U.K. Tax relief for expenditure on research and development

Modifications etc. (not altering text)

C1 Sch. 20 restricted (22.4.2003) by Finance Act 2002 (c. 23), Sch. 13 para. 17(2); S.I. 2003/1472, art. 2

C2 Sch. 20 modified (1.1.2005 with effect as specified in art. 2 of the commencing S.I.) by Finance Act 2004 (c. 12), s. 53(2)(6); S.I. 2004/3268, art. 2

Part III U.K. Supplementary provisions

Funding of R&D tax credits U.K.

24 U.K. Section 10 of the M1 Exchequer and Audit Departments Act 1866 (gross revenues to be paid to Exchequer) shall be construed as allowing the Commissioners of Inland Revenue to deduct payments for or in respect of R&D tax credits before causing the gross revenues of their department to be paid to the accounts mentioned in that section.

Marginal Citations

M1 1866 c. 39.