Part 13Additional relief for expenditure on research and development
Chapter 7F2Relief for large companies: vaccine research etc
Annotations:
Amendments (Textual)
Qualifying expenditure
1100F3Qualifying expenditure “for” an accounting period
F11
A company's qualifying Chapter 7 expenditure is “for” an accounting period if it is allowable as a deduction in calculating for corporation tax purposes the profits for the period of a trade carried on by the company.
2
Expenditure allowable as a deduction for the purposes of subsection (1) includes expenditure so allowable because of section 61 (pre-trading expenses).
Pt. 13 Ch. 7 heading substituted (with effect in accordance with Sch. 3 para. 38 of the amending Act) by Finance Act 2012 (c. 14), Sch. 3 para. 30