Corporation Tax Act 2009 (c. 4)

Part 13 Additional relief for expenditure on research and development

Chapter 5 Relief for large companies

Qualifying expenditure

1076 Qualifying Chapter 5 expenditure

For the purposes of this Part a company’s “qualifying Chapter 5 expenditure” means—

(a) its qualifying expenditure on in-house direct research and development (see section 1077),

(b) its qualifying expenditure on contracted out research and development (see section 1078), and

(c) its qualifying expenditure on contributions to independent research and development (see section 1079).