Part 13Additional relief for expenditure on research and development
Chapter 7F1Relief for large companies: vaccine research etc
Qualifying expenditure
1102Qualifying expenditure on contracted out R&D
1
A company's “qualifying expenditure on contracted out research and development” means expenditure in relation to which each of conditions A to D is met.
2
Condition A is that the expenditure is incurred in making the qualifying element of a sub-contractor payment (see sections 1134 to 1136) to a sub-contractor.
3
Condition B is that the expenditure is attributable to qualifying R&D activity (see section 1086) undertaken by the sub-contractor itself.
4
Condition C is that the R&D activity to which the expenditure is attributable is relevant research and development in relation to the company.
5
Condition D is that the expenditure is not subsidised (see section 1138).
6
See sections 1124, 1126 and 1132 for provision about when particular kinds of expenditure are attributable to relevant research and development.
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