5.—(1) In the Finance Act 2002(1) amend Schedule 12 (tax relief for expenditure on research and development) as follows.
(2) In paragraph 4(6)(b)—
(a)after “trade, profession or vocation” insert “(i)”, and
(b)after “Schedule D” insert—
“, or
(ii)which is carried on wholly or partly in the United Kingdom and the profits of which are chargeable to tax under Chapter 2 of Part 2 of the Income Tax (Trading and Other Income) Act 2005”.
(3) In paragraph 5(6)(b)—
(a)after “trade, profession or vocation” insert “(i)”, and
(b)after “Schedule D” insert—
“, or
(ii)which is carried on wholly or partly in the United Kingdom and the profits of which are chargeable to tax under Chapter 2 of Part 2 of the Income Tax (Trading and Other Income) Act 2005”.
(4) In paragraph 8(a) after “Schedule D” insert—
“, or
(iii)by any person otherwise than in the course of carrying on wholly or partly in the United Kingdom a trade, profession or vocation the profits of which are chargeable to tax under Chapter 2 of Part 2 of the Income Tax (Trading and Other Income) Act 2005”.
2002 c. 23; paragraph 4 of Schedule 12 was amended by Schedule 31 to the Finance Act 2003 (c. 14) and by section 141 of the Finance Act 2004 (c. 12).