Finance Act 2014 (c. 26)

PART 1 U.K. Income tax, corporation tax and capital gains tax

CHAPTER 3 U.K. Corporation tax: general

31 R&D tax credits for small or medium-sized enterprises U.K.

(1) In section 1058 of CTA 2009 (amount of tax credit), in subsection (1)(a), for “11%” substitute “ 14.5% ”.

(2) The amendment made by this section has effect in relation to expenditure incurred on or after 1 April 2014.