SCHEDULES
SCHEDULE 3Relief for expenditure on R&D
Amount of relief for expenditure on R&D by small or medium-sized enterprises (“SMEs”)
2
1
Chapter 2 (relief for SMEs: cost of R&D incurred by SME) is amended as follows.
F12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
In section 1058 (amount of tax credit), in subsection (1)(a), for “12.5%” substitute “
11%
”
.