SCHEDULES

Valid from 10/07/2003

SCHEDULE 31 U.K. Tax relief for expenditure on research and development

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

Direct research and development: qualifying expenditure on externally provided workers U.K.

22 U.K. In paragraph 3 (qualifying expenditure on direct research and development) for sub-paragraph (5) (the fourth condition, that the expenditure is incurred on staffing costs or consumable stores) substitute—

“(5) The fourth condition is that the expenditure—

(a) is incurred on staffing costs,

(b) is incurred on consumable stores, or

(c) is qualifying expenditure on externally provided workers.”.