Part 3Income tax, corporation tax and capital gains tax

Chapter 2Other provisions

New reliefs

F153 Tax relief for expenditure on research and development

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F254 Tax relief for expenditure on vaccine research etc

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F355 Gifts of medical supplies and equipment

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56 R&D tax relief for small and medium-sized enterprises: minor and consequential amendments

Schedule 15 to this Act (which makes minor amendments to Schedule 20 to the Finance Act 2000 (tax relief for R&D expenditure of small and medium-sized enterprises), including amendments consequential on Schedules 12 and 13 to this Act) has effect for accounting periods ending on or after 1st April 2002.

57 Community investment tax relief

1

Schedule 16 to this Act (community investment tax relief) has effect.

2

Schedule 17 to this Act (which makes provision consequential on the introduction of community investment tax relief) has effect.

3

Schedules 16 and 17 shall come into force on such day as the Treasury may by order appoint.

4

On and after that day—

a

Schedule 16 shall have effect in relation to—

i

investments made on or after such day as the Treasury may so appoint, being a day not earlier than 17th April 2002, and

ii

claims made on or after such day as the Treasury may so appoint,

b

paragraphs 2 to 4 of Schedule 17 shall have effect for years of assessment ending on or after the day appointed under paragraph (a)(i), and

c

paragraph 5 of that Schedule shall have effect for accounting periods ending on or after that day.

58 Relief for community amateur sports clubs

1

Schedule 18 to this Act (relief for community amateur sports clubs) has effect.

2

Parts 1, 5 and 6 of that Schedule shall be deemed to have come into force on 1st April 2002.

Accordingly, an application under that Schedule by a club to be registered as a community amateur sports club may be granted with effect from that date or any subsequent date before the passing of this Act.

3

Parts 2 and 4 of that Schedule have effect in relation to accounting periods ending on or after 1st April 2002.

4

Part 3 of that Schedule has effect in relation to gifts made on or after 6th April 2002.