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Corporation Tax Act 2009
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Changes over time for: Section 104M
Version Superseded: 15/03/2018
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[F1104MAmount of R&D expenditure creditU.K.
This section has no associated Explanatory Notes
(1)The amount of the R&D expenditure credit to which a company is entitled for an accounting period is the relevant percentage of the amount of the company's qualifying R&D expenditure for the period.
(2)In the case of a ring fence trade, the relevant percentage is 49%.
In this subsection “ring fence trade” has the meaning given by section 277 of CTA 2010.
(3)In any other case, the relevant percentage is [F211%].
(4)The Treasury may by order replace the percentage for the time being specified in subsection (2) or (3) with a different percentage.
(5)An order under subsection (4) may contain incidental, supplemental, consequential and transitional provision and savings.]
Textual Amendments
F1Pt. 3 Ch. 6A inserted (with effect in accordance with Sch. 15 para. 27 of the amending Act) by Finance Act 2013 (c. 29), Sch. 15 para. 1
F2Word in s. 104M(3) substituted (with effect in accordance with s. 27(5) of the amending Act) by Finance Act 2015 (c. 11), s. 27(2)
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