Tax relief for expenditure on R&D or remediation of contaminated land: staff costs
7(1)In Schedule 20 to the Finance Act 2000 (c. 17) (tax relief for expenditure on research and development), in paragraph 5 (staffing costs)—
(a)in sub-paragraph (1), for paragraph (a) substitute—
“(a)the emoluments paid by the company to directors or employees of the company, including all salaries, wages, perquisites and profits whatsoever other than benefits in kind;”; and
(b)omit sub-paragraph (1ZA).
(2)In Schedule 22 to the Finance Act 2001 (c. 9) (remediation of contaminated land), in paragraph 5 (employee costs)—
(a)in sub-paragraph (1), for paragraph (a) substitute—
“(a)the emoluments paid by the company to directors or employees of the company, including all salaries, wages, perquisites and profits whatsoever other than benefits in kind;”; and
(b)omit sub-paragraph (1A).
(3)These amendments have effect in relation to expenditure incurred on or after 1st April 2004.