Part 13Additional relief for expenditure on research and development
Chapter 7Relief for SMEs and large companies: vaccine research etc
Qualifying expenditure
1098Meaning of “qualifying Chapter 7 expenditure”
For the purposes of this Part a company's “qualifying Chapter 7 expenditure” means—
(a)
its qualifying expenditure on in-house direct research and development (see section 1101), and
(b)
its qualifying expenditure on contracted out research and development (see section 1102).