Part 13Additional relief for expenditure on research and development
Chapter 7F1Relief for large companies: vaccine research etc
Annotations:
Amendments (Textual)
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).
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