SCHEDULES

C1SCHEDULE 13Tax relief for expenditure on vaccine research etc

Annotations:
Modifications etc. (not altering text)
C1

Sch. 13 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

Part 4Special provision for giving relief to insurance companies

I122Treated as large companies

Where, in an accounting period, an insurance company (within the meaning of Chapter 1 of Part 12 of the Taxes Act 1988)—

a

carries on life assurance business, and

b

qualifies as a small or medium-sized enterprise,

Parts 2 and 3 of this Schedule apply to that company as if it did not qualify as such an enterprise in that period.