SCHEDULES
SCHEDULE 31Tax relief for expenditure on research and development
Part 3Work sub-contracted to SMEs: Part 2 of Schedule 12 to Finance Act 2002
R&D directly undertaken by SME: qualifying expenditure on externally provided workers
14
In paragraph 9 (expenditure on research and development directly undertaken by SME) for sub-paragraph (2) (the second condition, that the expenditure must be incurred on staffing costs or consumable stores) substitute—
2
The second condition is that the expenditure—
a
is incurred on staffing costs,
b
is incurred on consumable stores, or
c
is qualifying expenditure on externally provided workers.