SCHEDULES
SCHEDULE 2Transitionals and savings
Part 15Research and development
Qualifying expenditure on externally provided workers
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1
In relation to expenditure incurred before 27 September 2003, Chapters 2 and 4 of Part 13 (relief for SMEs: cost of R&D borne by SME, and subsidised expenditure on R&D) apply with the omission of—
a
section 1052(2)(c),
b
section 1071(3)(c),
c
in section 1134(3)(c), the words “or is qualifying expenditure on externally provided workers”,
d
section 1134(5)(b), and
e
sections 1127 to 1132, as they apply for the purposes of those Chapters.
2
In relation to expenditure incurred before 9 April 2003, Chapter 3 of Part 13 (relief for SMEs: R&D sub-contracted to SME) applies with the omission of—
a
section 1066(3)(c), and
b
sections 1127 to 1132, as they apply for the purposes of that Chapter.
3
In relation to expenditure incurred before 9 April 2003, Chapter 5 of Part 13 (relief for large companies) applies with the omission of—
a
section 1077(2)(c), and
b
sections 1127 to 1132, as they apply for the purposes of that Chapter.
4
In relation to expenditure incurred by a large company before 27 September 2003, Chapter 7 of Part 13 (relief for SMEs and large companies: vaccine research etc) applies in the case of such a company with the omission of—
a
section 1101(4)(c), and
b
sections 1127 to 1132, as they apply for the purposes of that Chapter.
5
In sub-paragraph (4) “large company” has the same meaning as in Part 13.