Part 2Income tax, corporation tax and capital gains tax_general

Research and development

30Vaccine research relief: declaration about effect of relief

1

In paragraph 21 of Schedule 13 to FA 2002 (tax relief for expenditure by large companies on vaccine research etc), after sub-paragraph (3) insert—

3A

A claim under this paragraph must include a declaration that the availability of the relief claimed has resulted in an increase in—

a

the amount, scope or speed of the research and development undertaken by the company, or

b

the company’s expenditure on research and development.

2

The amendment made by subsection (1) has effect in relation to claims made on or after such day as the Treasury may by order appoint.