SCHEDULES
SCHEDULE 12Tax relief for expenditure on research and development
Part 2Entitlement to relief for R&D expenditure: work subcontracted to small or medium-sized enterprise
9Expenditure on research and development directly undertaken by the SME
1
The first condition of this paragraph is that the expenditure is incurred on research and development directly undertaken by the SME.
2
The second condition is that the expenditure is incurred—
a
on staffing costs, or
b
on consumable stores.
3
The third condition is that the expenditure is attributable to relevant research and development in relation to the SME.
4
The fourth condition is that the expenditure is not of a capital nature.