SCHEDULES

SCHEDULE 31Tax relief for expenditure on research and development

Part 6Expenditure on vaccine research etc: Schedule 13 to Finance Act 2002

Meaning of “qualifying expenditure on externally provided workers”

23

(1)

Paragraph 5(3) (which applies certain definitions in Schedule 20 to the Finance Act 2000 (c. 17)) is amended as follows.

(2)

Omit the word “and” immediately preceding paragraph (d).

(3)

In paragraph (d), for “(subsidised expenditure),” substitute “ (subsidised expenditure); and ”.

(4)

After paragraph (d) insert the following paragraph—

“(e)

paragraphs 8A to 8E (qualifying expenditure on externally provided workers),”.

(5)

The heading to paragraph 5 accordingly becomes—

“Meaning of “relevant R&D”, “small or medium-sized enterprise”, “staffing costs”, “consumable stores”, “subsidised” and “qualifying expenditure on externally provided workers”

 

 ”.