SCHEDULES
SCHEDULE 2Transitionals and savings
Part 15Research and development
Chapter 7 of Part 13: qualifying expenditure on contracted out R&D
117
(1)
Section 1135(4) (time limit for notice of election for connected persons treatment) does not apply to a notice of an election under that section in relation to a sub-contractor payment made by a company if—
(a)
the company has qualifying expenditure on contracted out research and development (as defined in section 1102),
(b)
the sub-contractor is—
(i)
a charity,
(ii)
a university, or
(iii)
an association of a description specified in section 508 of ICTA (scientific research organisations), and
(c)
the notice is given before 1 August 2009.
(2)
In sub-paragraph (1) “sub-contractor” and “sub-contractor payment” have the same meaning as in Part 13 (see section 1133).