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Finance Act 2003

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Changes over time for: Cross Heading: Required minimum aggregate expenditure: inclusion of new class of expenditure

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No versions valid at: 13/04/2003

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Point in time view as at 13/04/2003. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

Finance Act 2003, Cross Heading: Required minimum aggregate expenditure: inclusion of new class of expenditure is up to date with all changes known to be in force on or before 28 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Valid from 10/07/2003

Required minimum aggregate expenditure: inclusion of new class of expenditureU.K.

3(1)Paragraph 1 is also amended as follows.U.K.

(2)In sub-paragraph (1)(b) (requirement for minimum aggregate expenditure)—

(a)for “paragraph 3) and” substitute “ paragraph 3), ”; and

(b)after “Finance Act 2002)” insert “ and its qualifying additional SME expenditure (as defined in paragraph 10B of that Schedule) ”.

(3)In sub-paragraph (3A) (meaning of “deductible” in relation to qualifying sub-contracted R&D expenditure)—

(a)after “(1)(b)” insert , each of the following—

(a);

(b)after “Finance Act 2002)” insert “ , and ”; and

(c)after the paragraph (a) so formed, insert the following paragraph—

(b)a company’s qualifying additional SME expenditure (as defined in paragraph 10B of that Schedule),.

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