Part III Income Tax, Corporation Tax and Capital Gains Tax
Chapter II Other provisions
Research and development
68 Meaning of “research and development".
1
Schedule 19 to this Act (meaning of “research and development”) has effect.
In that Schedule—
Part I contains a new definition of “research and development” for the purposes of the Tax Acts, and
Part II contains consequential amendments.
2
The amendments in Part II of that Schedule have effect—
a
for the purposes of income tax and capital gains tax, in relation to the year 2000-01 and subsequent years of assessment, and
b
for the purposes of corporation tax, for accounting periods ending on or after 1st April 2000.