2(1)In Schedule 12 to FA 2002 (tax relief for expenditure on research and development), in both of the following provisions, for “25%” substitute “ 30% ”U.K.
(a)paragraph 11(2) (deduction in computing profits of trade), and
(b)paragraph 15(4) (refunds of contributions to independent research and development etc).
(2)The amendments made by sub-paragraph (1) have effect in relation to expenditure incurred on or after 1 April 2008.