Corporation Tax Act 2009

Expenditure on software or consumable items

122 (1) In relation to expenditure incurred before 1 April 2004, Part 13 applies with the following modifications.

(2) For “software or consumable items” in each place where it occurs, substitute “consumable stores”.

(3) For sections 1125 and 1126 substitute—

“1125 Consumable stores

(1) For the purposes of this Part expenditure on consumable stores means expenditure that would be treated as expenditure on consumable stores in accordance with normal accounting practice.

(2) For the purposes of this Part expenditure on consumable stores is attributable to relevant research and development if the stores are employed directly in such research and development.”