Part 13Additional relief for expenditure on research and development
Chapter 2Relief for SMEs: cost of R&D incurred by SME
Amount of tax credit
1058Amount of tax credit
(1)
The amount of the R&D tax credit to which a company is entitled for an accounting period is—
F2(b)
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(2)
The Treasury may by order replace the percentage for the time being specified in subsection (1)(a) with a different percentage.
(3)
An order under subsection (2) may contain incidental, supplemental, consequential and transitional provision and savings.
F31059Total amount of company's PAYE and NIC liabilities
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