xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

SCHEDULE 15R&D tax relief for small and medium-sized enterprises: minor and consequential amendments

3In paragraph 5 (staffing costs)—

(a)in sub-paragraph (1)(c) omit “(within the meaning of section 231A(4) of the Taxes Act 1988)”, and

(b)after sub-paragraph (1) insert—

(1A)In sub-paragraph (1)(c) “pension fund” means any scheme, fund or other arrangements established and maintained (whether in the United Kingdom or elsewhere) for the purpose of providing pensions, retirement annuities, allowances, lump sums, gratuities or other superannuation benefits (with or without subsidiary benefits).

In this sub-paragraph “scheme” includes any deed, agreement or series of agreements..