SCHEDULES
SCHEDULE 13Tax relief for expenditure on vaccine research etc
Part 1Entitlement to relief
7Conditions that must be satisfied by qualifying expenditure on sub-contracted research and development
1
Expenditure of a company on sub-contracted research and development is not qualifying expenditure unless it satisfies the following conditions.
2
The first condition is that the expenditure is on research and development directly undertaken on behalf of the company by the sub-contractor.
3
The second condition is that the expenditure is on qualifying R&D activity (see paragraph 4).
4
The third condition is that the R&D activity in respect of which the expenditure is incurred is relevant research and development in relation to the company.
5
The fourth condition is that the expenditure is not of a capital nature.
6
The fifth condition is that the expenditure is not subsidised.