Finance Act 2012 (c. 14)

SCHEDULES

SCHEDULE 3 U.K. Relief for expenditure on R&D

Abolition of vaccine research relief for SMEs U.K.

31 (1) Chapter 8 (cap on aid for R&D) is amended as follows. U.K.

F1 (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) In section 1115 (“the tax credits”), in subsection (1), omit “or 7”.

Textual Amendments

F1 Sch. 3 para. 31(2) omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(14)(a)