SCHEDULES
SCHEDULE 3Claims for relief for research and development
Introductory
1
Schedule 18 to FA 1998 (company tax returns, assessments and related matters) is amended as follows.
Claims to be included in return
2
1
Paragraph 10 (other claims and elections to be included in return) is amended as follows.
2
In sub-paragraph (2)
(claims to which Part 8, 9 or 9A of Schedule 18 applies) for “R&D tax credit” substitute “
R&D tax relief
”
.
F13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Claims for R&D tax relief
3
In paragraph 83A (Part 9A: introduction) for “claims for R&D tax credits” substitute “
claims for R&D tax relief
”
.
4
In each of the following provisions for “claim for an R&D tax credit” substitute “
claim to which this Part of this Schedule applies
”
a
paragraph 83B(1) (claim to be included in company tax return);
b
paragraph 83C (content of claim);
c
paragraph 83D (amendment or withdrawal of a claim);
d
paragraph 83E(1) (time limit for claims).
5
In the title of Part 9A, “R&D tax credit” becomes “
R&D tax relief
”
.
Claims for relief under Schedule 12 to FA 2002
F26
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Claims for relief under Schedule 13 to FA 2002
F27
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F28
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F29
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commencement and transitional provision
10
The amendments made by paragraphs 2 to 9 have effect in relation to accounting periods ending on or after 31st March 2006.
11
1
This paragraph applies where a company is entitled to relief under Schedule 20 to FA 2000 or Schedule 12 or 13 to FA 2002 for any accounting period of the company falling within sub-paragraph (2).
2
An accounting period of a company falls within this sub-paragraph if it ends on a day falling after 31st March 2002 but before 31st March 2006.
3
Sub-paragraphs (4) and (5) apply to any claim by the company for such relief for an accounting period falling within sub-paragraph (2), other than a claim by the company for—
a
an R&D tax credit under Schedule 20 to FA 2000, or
b
a tax credit under Schedule 13 to FA 2002.
4
A claim to which this sub-paragraph applies may be made, amended or withdrawn by the company at any time up to and including 31st March 2008.
5
A claim to which this sub-paragraph applies may be made, amended or withdrawn by the company at a later date if an officer of Revenue and Customs allows it.