Deduction in computing profits of trade
14(1)Where a company—
(a)is entitled to relief under this Schedule for an accounting period in respect of any qualifying expenditure, and
(b)is carrying on a trade in that period,
it may (on making a claim) make the appropriate deduction in computing the profits of the trade for that period.
(2)For this purpose the appropriate deduction is—
(a)50% of so much of the qualifying expenditure as is expenditure in respect of which the company is also entitled to relief under Schedule 20 to the Finance Act 2000 (c. 17), and
(b)150% of so much of the qualifying expenditure as is not expenditure in respect of which the company is also entitled to relief under that Schedule.
(3)This paragraph is without prejudice to any other deduction in respect of the qualifying expenditure.