Finance Act 2000 (c. 17)

SCHEDULES

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

Part I U.K. Entitlement to relief

Modifications etc. (not altering text)

C1 Sch. 20 (Parts I-III) restricted (24.7.2002 with effect as mentioned in Sch. 13 para. 28(1) of the amending Act) by 2002 c. 23, s. 54, Sch. 13 Pt. 2 para. 17(2)

Meaning of “small or medium-sized enterprise". U.K.

2 (1) For the purposes of this Schedule a “small or medium-sized enterprise” means a small or medium-sized enterprise as defined in Commission Recommendation 96/280/EC of 3rd April 1996. U.K.

(2) The Treasury may by order amend sub-paragraph (1) so as to substitute another definition of “small or medium-sized enterprise" for the definition that is for the time being effective for the purposes of this Schedule.

Modifications etc. (not altering text)

C2 Sch. 13 para. 2 applied (with modifications) (24.7.2002 with effect as mentioned in Sch. 13 para. 28(1) of the amending Act) by 2002 c. 23, s. 54, Sch.13 para. 5(3)(a)