- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
There are currently no known outstanding effects for the Finance Act 2024, Paragraph 12.
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12(1)CTA 2009 is amended as follows.
(2)In Part 14A (inserted by paragraph 1 of Schedule 2)—
(a)in section 1179DT (expenditure attracting R&D relief not eligible for audiovisual expenditure credit), omit paragraph (a);
(b)in section 1179FL (expenditure attracting R&D relief not eligible for video game expenditure credit), omit paragraph (a).
(3)In section 1195(3A) (expenditure attracting R&D relief or television relief not eligible for film tax relief)—
(a)in paragraph (a), for “Chapter 6A of Part 3” substitute “Chapter 1A of Part 13”;
(b)in paragraph (b), for “Part 13 (additional relief for expenditure on research and development)” substitute “Chapter 2 of Part 13 (relief for loss-making, R&D-intensive SMEs)”.
(4)In section 1216C(4) (expenditure attracting R&D relief not eligible for television relief)—
(a)in paragraph (a), for “Chapter 6A of Part 3” substitute “Chapter 1A of Part 13”;
(b)in paragraph (b), for “Part 13 (additional relief for expenditure on research and development)” substitute “Chapter 2 of Part 13 (relief for loss-making, R&D-intensive SMEs)”.
(5)In section 1217C(4) (expenditure attracting R&D relief not eligible for video game relief)—
(a)in paragraph (a), for “Chapter 6A of Part 3” substitute “Chapter 1A of Part 13”;
(b)in paragraph (b), for “Part 13 (additional relief for expenditure on research and development)” substitute “Chapter 2 of Part 13 (relief for loss-making, R&D-intensive SMEs)”.
(6)In section 1217JA(2) (expenditure attracting R&D relief not eligible for theatre relief)—
(a)omit paragraph (a);
(b)in paragraph (b), omit “additional”.
(7)In section 1217RF(2) (expenditure attracting R&D relief or other creative sector relief not eligible for orchestra relief), omit paragraph (za) (inserted by paragraph 8 of Schedule 4).
(8)In section 1218ZCG(2) (expenditure attracting R&D relief or other creative sector relief not eligible for museum and gallery exhibition relief)—
(a)omit paragraph (a);
(b)in paragraph (b), omit “additional”.
(9)In section 1310(4) (orders and regulations subject to affirmative procedure)—
(a)omit paragraph (zzza);
(b)after paragraph (zb) insert—
“(zc)section 1142(1)(e) (companies ineligible for R&D relief),”.
(10)In Schedule 4 (index of defined expressions)—
(a)omit the following entries—
“capped R&D expenditure (in Chapter 6A of Part 3)”;
“large company (in Chapter 6A of Part 3)”;
“payment period (in Chapter 6A of Part 3”;
“qualifying body (in Chapter 6A of Part 3)”;
“qualifying body (in Part 13)”;
“qualifying expenditure on sub-contracted R&D (in Chapter 6A of Part 3)”;
“qualifying R&D expenditure (in Chapter 6A of Part 3)”;
“relevant payment to the subject of a clinical trial (in Chapter 6A of Part 3)”;
“relevant research and development (in Chapter 6A of Part 3)”;
“research and development (in Chapter 6A of Part 3)”;
“software, data licences, cloud computing services or consumable items (in Chapter 6A of Part 3)”;
“staffing costs (in Chapter 6A of Part 3)”;
“sub-contractor payment (and sub-contractor) (in Part 13)”;
“subsidised expenditure (in Part 13)”;
“subsidised qualifying expenditure (in Chapter 6A of Part 3)”;
(b)at the appropriate places insert—
“contracted out (and related expressions) (in Part 13) | section 1133”; |
“contractor payment (in Part 13) | section 1133”; |
“group (in Part 13) | section 1140A”; |
“ineligible company (in Part 13) | section 1142”. |
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