Finance Act 2003

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

(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” U.K.

   ”.

Commencement Information

I1 Sch. 31 para. 23 has effect as specified by The Finance Act 2003, Section 168 (Appointed Day) Order 2003 (S.I. 2003/2497), art. 2