Finance Act 2013

Amendments of Part 13 of CTA 2009 U.K.

12 U.K. Part 13 of CTA 2009 (additional relief for expenditure on research and development) is amended as follows.

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

(2) In subsection (3)—

(a) for “Chapters 2 to 4” substitute “ Chapter 2 ”;

(b) omit paragraphs (b) and (c).

(3) Omit subsection (4).

(4) In subsection (5)—

(a) for “Chapters 2 to 5” substitute “ Chapter 2 ”;

(b) omit paragraphs (b) and (c).

14 U.K. Omit Chapter 3 (relief for SMEs: R&D sub-contracted to SME).

15 U.K. Omit Chapter 4 (relief for SMEs: subsidised and capped expenditure on R&D).

16 U.K. Omit Chapter 5 (relief for large companies).

17 (1) Section 1081 (insurance companies treated as large companies) is amended as follows. U.K.

(2) In subsection (2), for “Chapters 2 to 5” substitute “ Chapter 2 ”.

(3) Omit subsection (3).

18 U.K. Omit section 1082 (R&D expenditure of group companies).

19 U.K. Omit section 1083 (refunds of expenditure treated as income chargeable to tax).

20 (1) Section 1084 (artificially inflated claims for relief or tax credit) is amended as follows. U.K.

(2) In subsection (2)(a), for “Chapters 2 to 5” substitute “ Chapter 2 ”.

(3) In subsection (3)(a) and (b), for “Chapters 2 to 5” substitute “ Chapter 2 ”.

21 U.K. In section 1119 (meaning of “small or medium-sized enterprise”), in subsection (3), for “Chapters 2 to 5” substitute “ Chapter 2 ”.

22 U.K. In section 1133 (meaning of “sub-contractor” etc), in subsection (3), omit “section 1072(1)(a),”.