SCHEDULES

SCHEDULE 3 U.K.Relief for expenditure on R&D

Amount of relief for expenditure on R&D by small or medium-sized enterprises (“SMEs”) U.K.

2 (1) Chapter 2 (relief for SMEs: cost of R&D incurred by SME) is amended as follows. U.K.

F1 (2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1 (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) In section 1058 (amount of tax credit), in subsection (1)(a), for “12.5%” substitute “ 11% ”.

Textual Amendments

F1 Sch. 3 para. 2(2)-(4) omitted (with effect in accordance with s. 27(5) of the amending Act) by virtue of Finance Act 2015 (c. 11), s. 27(4)