Part 13Additional relief for expenditure on research and development
Chapter 8Cap on aid for R&D
1118“The notional F1R&D expenditure credit”
(1)
In section 1114 “the notional F2R&D expenditure credit” means the total amount of F2R&D expenditure credit that the claimant could have claimed under F3Chapter 6A of Part 3 (trade profits: R&D expenditure credits) in any accounting period in respect of qualifying expenditure attributable to the research and development project if the claimant had been a large company throughout the period.
(2)
“Qualifying expenditure” means expenditure that, in the accounting period in question, was—
(a)
qualifying Chapter 2 expenditure (see section 1051). F4...
F5(b)
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