SCHEDULES

SCHEDULE 12 U.K.Tax relief for expenditure on research and development

Part 6 U.K.General provisions

Meaning of “relevant research and development", “staffing costs" and “consumable stores" U.K.

17 The following provisions of Schedule 20 to the Finance Act 2000 (c. 17) (tax relief for R&D expenditure of small and medium-sized enterprises) apply for the purposes of this Schedule as they apply for the purposes of that Schedule—

(a) paragraph 4 (relevant research and development);

(b) paragraph 5 (staffing costs); and

(c) paragraph 6 (expenditure on consumable stores).