SCHEDULES
SCHEDULE 3Relief for expenditure on R&D
29Abolition of vaccine research relief for SMEs
1
Section 1112 (artificially inflated claims for relief or tax credit) is amended as follows.
2
In subsection (1), for “the purposes mentioned in subsection (2)” substitute “the purpose of determining for an accounting period relief to which a company is entitled under this Chapter”.
3
Omit subsection (2).
4
In subsection (3)—
a
at the end of paragraph (a) insert “or”, and
b
omit paragraphs (c) and (d).
5
Accordingly, the heading of that section becomes “Artificially inflated claims for relief”.