SCHEDULES
SCHEDULE 35Set off against oil profits: minor and consequential amendments
10FA 2000
1
Schedule 20 to FA 2000 (tax relief for expenditure on research and development) is amended as follows.
2
In paragraph 15 (entitlement to R&D tax credit)—
a
in sub-paragraph (4)(b), after “section 393A(1)(b)” insert “or 393B(3)”, and
b
in sub-paragraph (5)(b), after “section 393A(1)(b)” insert “or 393B(3)”.
3
In paragraph 23 (treatment of deemed trading loss), in sub-paragraph (2), after “section 393A(1)(b)” insert “or 393B(3)”.