SCHEDULES

SCHEDULE 3Relief for expenditure on R&D

Abolition of vaccine research relief for SMEs

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(1)

Section 1039 (overview of Part 13) is amended as follows.

(2)

In subsection (6), for the words from “companies” to “companies)” substitute “ large companies ”.

(3)

In subsection (7)—

(a)

for “Chapters 2 and 7 also provide” substitute “ Chapter 2 also provides ”, and

(b)

in paragraph (a), omit “or 7”.