Corporation Tax Act 2009

Expenditure on software [F1 , data licences, cloud computing services] or consumable items U.K.

Textual Amendments

F1 Words in Sch. 2 para. 122 cross-heading inserted (with effect in relation to accounting periods beginning on or after 1.4.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 1 paras. 7(a), 20

122 (1) In relation to expenditure incurred before 1 April 2004, Part 13 applies with the following modifications. U.K.

(2) For “software [F2 , data licences, cloud computing services] or consumable items” in each place where it occurs, substitute “ consumable stores ”.

(3) For sections 1125 and 1126 substitute—

“1125 Consumable stores

(1) For the purposes of this Part expenditure on consumable stores means expenditure that would be treated as expenditure on consumable stores in accordance with normal accounting practice.

(2) For the purposes of this Part expenditure on consumable stores is attributable to relevant research and development if the stores are employed directly in such research and development.”

Textual Amendments

F2 Words in Sch. 2 para. 122(2) inserted (with effect in relation to accounting periods beginning on or after 1.4.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 1 paras. 7(b), 20