(1)Section 88 of ITTOIA 2005 (income tax deduction for payments to research associations etc.) is amended as follows.
(2)In subsection (1) (conditions for deduction), for the words from the beginning of paragraph (a) to “research” in paragraph (b) substitute—
“(a)pays any sum to an Association in the case of which exemption may be claimed under section 508 of ICTA and which has as its object the undertaking of research and development which may lead to or facilitate an extension of the class of trade to which the trade carried on by the person belongs, or
(b)pays any sum to be used for scientific research related to that class of trade”.
(3)In subsection (4), omit paragraph (a) (meaning of “approved” in relation to scientific research association).
(4)In subsection (5) (references to scientific research related to a class of trade), for “references in this section” substitute “ reference in subsection (1)(b) ”.
(5)This section has effect in relation to sums paid to an Association during any accounting period of the Association beginning on or after the day appointed under section 13(6).