Corporation Tax Act 2009 (c. 4)

SCHEDULES

SCHEDULE 2 U.K. Transitionals and savings

Part 15 U.K. Research and development

Chapter 7 of Part 13: expenditure incurred before 22 April 2003 U.K.

115 (1) Chapter 7 of Part 13 (relief for SMEs and large companies: vaccine research etc) does not apply to expenditure incurred before 22 April 2003. U.K.

(2) For this purpose section 61 (pre-trading expenses) is to be ignored.