SCHEDULES

SCHEDULE 8Rates of research and development relief and vaccine research relief

Rates of research and development tax relief: large companies

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% ”

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.