Corporation Tax Act 2009(c. 4) - Explanatory Notes

Explanatory Notes

Corporation Tax Act 2009

2009 CHAPTER 4

26 March 2009

Commentary on Sections

Part 13: Additional relief for expenditure on research and development

Overview

Chapter 7: Relief for SMEs and large companies: vaccine research etc

Overview

Section 1103: Entitlement to and payment of tax credit

2867. This section allows a small or medium-sized enterprise to claim an R&D tax credit. It is based on paragraphs 16 and 18 of Schedule 13 to FA 2002.

2868. The section clarifies that a company may make part claims (subsection (2)).