Part 13Additional relief for expenditure on research and development
Chapter 4Relief for SMEs: subsidised and capped expenditure on R&D
Qualifying expenditure
1073Capped R&D expenditure
For the purposes of this Part a company's “capped R&D expenditure” is any expenditure—
(a)
in respect of which the company is not entitled to relief under Chapter 2 merely because of section 1113 (cap on R&D aid),
(b)
which is not qualifying Chapter 3 expenditure, and
(c)
which would have been qualifying Chapter 5 expenditure had the company been a large company throughout the accounting period in question.