Part 13Additional relief for expenditure on research and development

Chapter 7F1Relief for large companies: vaccine research etc

Annotations:
Amendments (Textual)
F1

Pt. 13 Ch. 7 heading substituted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by Finance Act 2012 (c. 14), Sch. 3 para. 30

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).