2(1)Part 13 of CTA 2009 (additional relief for expenditure on research and development) is amended as follows.U.K.
(2)After section 1040 (and before the cross-heading “Interpretation”) insert—
(1)For provision enabling a company carrying on a trade to make a claim for an amount in respect of expenditure on research and development (an “R&D expenditure credit”) to be brought into account as a receipt in calculating the profits of the trade for an accounting period, see Chapter 6A of Part 3.
(2)For provision prohibiting a company from making a claim for an R&D expenditure credit and for relief under this Part in respect of the same expenditure, see section 104B.”
(3)In section 1138 (meaning of “subsidised expenditure”), in subsection (3), omit the “and” at the end of paragraph (a) and after paragraph (b) insert—
“(c)R&D expenditure credits under Chapter 6A of Part 3.”