SCHEDULES
SCHEDULE 3Relief for expenditure on R&D
Removal of R&D threshold
4
1
Chapter 3 (relief for SMEs: R&D sub-contracted to SME) is amended as follows.
2
In section 1063 (additional deduction in calculating profits of trade)—
a
in subsection (1), omit “, B”, and
b
omit subsection (3).
3
Omit section 1064 (R&D threshold).