SCHEDULES

SCHEDULE 15R&D tax relief for small and medium-sized enterprises: minor and consequential amendments

4

In paragraph 8 (subsidised expenditure), for the second sentence of sub-paragraph (2) substitute—

For this purpose the following are not State aids—

a

R&D tax relief and R&D tax credits;

b

tax relief under Schedule 12 to the Finance Act 2002 (tax relief for expenditure on research and development);

c

tax relief and tax credits under Schedule 13 to that Act (tax relief for expenditure on vaccine research etc).