SCHEDULES
SCHEDULE 31Tax relief for expenditure on research and development
Part 6Expenditure on vaccine research etc: Schedule 13 to Finance Act 2002
Reduction of required qualifying expenditure from £25,000 to £10,000
I121
1
Paragraph 1 (entitlement to relief under the Schedule) is amended as follows.
2
In sub-paragraph (1)
(requirement for minimum qualifying expenditure of £25,000 or time apportioned part of that amount) in paragraphs (a) and (b) for “£25,000” substitute “
£10,000
”
.