Part 13Additional relief for expenditure on research and development

Chapter 7Relief for SMEs and large companies: vaccine research etc

Deemed trading loss: further provision

1095Elections under section 1092

1

An election under section 1092 must specify the accounting period in respect of which it is made.

2

The election must be made by notice in writing to an officer of Revenue and Customs.

3

The notice must be given before the end of the period of two years beginning immediately after the end of the accounting period to which the election relates.