SCHEDULES
C1SCHEDULE 12Tax relief for expenditure on research and development
Annotations:
Modifications etc. (not altering text)
Part 1Entitlement to relief for R&D expenditure: large companies
2Meaning of “large company" and “small or medium-sized enterprise"
1
For the purposes of this Schedule—
a
“large company” means a company that does not qualify as a small or medium-sized enterprise; and
b
“small or medium-sized enterprise” F1has the meaning given by paragraph 2(1) of Schedule 20 to the Finance Act 2000.
2
The Treasury may by order amend sub-paragraph (1)(b) 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.
Sch. 12 modified (with effect as specified in art. 2 of the commencing S.I. of the commencing S.I.) by Finance Act 2004 (c. 12), s. 53(2)(6); S.I. 2004/3268, art. 2