Finance Act 2003

Qualifying R&D expenditure: expenditure on externally provided workers U.K.

4 U.K. In paragraph 3 (qualifying R&D expenditure) for sub-paragraph (4) (the third condition, that the expenditure is incurred on staffing costs or consumable stores or is qualifying expenditure on sub-contracted research and development) substitute—

“(4) The third condition is that the expenditure—

(a) is incurred on staffing costs (see paragraph 5),

(b) is incurred on consumable stores (see paragraph 6),

(c) is qualifying expenditure on externally provided workers (see paragraphs 8A to 8E), or

(d) is qualifying expenditure on sub-contracted research and development (see paragraphs 9 to 12).”.

Commencement Information

I1 Sch. 31 para. 4 has effect as specified by The Finance Act 2003, Section 168 (Appointed Day) Order 2003 (S.I. 2003/2497), art. 2