Abolition of vaccine research relief for SMEs
This section has no associated Explanatory Notes
22(1)Section 1087 (deduction in calculating profits of trade) is amended as follows.
(2)In subsection (1), for “and C” substitute “, C and D”.
(3)After subsection (4) insert—
“(4A)Condition D is that the company is a large company throughout the period.”
(4)For subsection (7) substitute—
“(7)For the amount of the deduction see section 1091.”
(5)In subsection (9)—
(a)in paragraph (a), omit “large”,
(b)omit paragraph (b), and
(c)in paragraph (d), for “sections 1099 and 1100” substitute “section 1100”.