SCHEDULES

SCHEDULE 3Relief for expenditure on R&D

Abolition of vaccine research relief for SMEs

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In consequence of the amendments made by paragraphs 16 to 31—

a

in Schedule 4 to CTA 2009 (index of defined expressions), omit the entry for “Chapter 7 surrenderable loss”,

b

in Schedule 1 to CTA 2010, omit paragraphs 672 to 674, and

c

in section 43 of FA 2011, omit subsections (7) to (11).