SCHEDULES
SCHEDULE 31Tax relief for expenditure on research and development
Part 2Large companies: Part 1 of Schedule 12 to Finance Act 2002
Required minimum aggregate expenditure: reduction from £25,000 to £10,000
9
(1)
Paragraph 1 (entitlement to relief under Part 1 of the Schedule) is amended as follows.
(2)
In sub-paragraph (1)(b)
(requirement for minimum qualifying R&D expenditure of £25,000 or time apportioned part of that amount) in sub-paragraphs (i) and (ii) for “£25,000” substitute “
£10,000
”
.