<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3" NumberOfProvisions="672" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="2.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-06-25"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/2024/3/section/2</dc:identifier><dc:title>Finance Act 2024</dc:title><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-07-02</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-06-25</dct:valid>
					
					<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/2024/3/resources" title="More Resources"/>
					
					
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/2024/3" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/2024/3/introduction" title="introduction"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/2024/3/body" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/2024/3/schedules" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2024/3/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/enacted" title="enacted"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2024/3/section/2/2024-02-22" title="2024-02-22"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/2024/3" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/2024/3/section/1" title="Provision; Section 1"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/2024/3/section/1" title="Provision; Section 1"/><atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/2024/3/section/3" title="Provision; Section 3"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/2024/3/section/3" title="Provision; Section 3"/>
					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2024"/><ukm:Number Value="3"/><ukm:EnactmentDate Date="2024-02-22"/><ukm:ISBN Value="9780105702467"/></ukm:PrimaryMetadata>
					

                    
									 
					<ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2024/3/pdfs/ukpga_20240003_en.pdf" Date="2024-02-27" Size="3343047" Print="true"/></ukm:Alternatives>
					
					<ukm:Statistics>
									<ukm:TotalParagraphs Value="672"/>
									<ukm:BodyParagraphs Value="53"/>
									<ukm:ScheduleParagraphs Value="619"/>
									<ukm:AttachmentParagraphs Value="0"/>
									<ukm:TotalImages Value="24"/>
								</ukm:Statistics>
				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/body" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/body" NumberOfProvisions="53" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-04-01"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/part/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/part/1" NumberOfProvisions="27" id="part-1" RestrictExtent="E+W+S+N.I." RestrictStartDate="2024-09-03"><Number>Part 1</Number><Title>Income tax and corporation tax</Title><Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/part/1/chapter/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/part/1/chapter/1" NumberOfProvisions="21" id="part-1-chapter-1" RestrictExtent="E+W+S+N.I." RestrictStartDate="2024-09-03"><Number>Chapter 1</Number><Title>Reliefs for businesses etc</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/part/1/chapter/1/crossheading/research-and-development" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/part/1/chapter/1/crossheading/research-and-development" NumberOfProvisions="1" id="part-1-chapter-1-crossheading-research-and-development" RestrictExtent="E+W+S+N.I." RestrictStartDate="2024-02-22"><Title>Research and development</Title><P1group RestrictStartDate="2024-02-22" RestrictExtent="E+W+S+N.I."><Title>New regime for research and development carried out by companies</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/section/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/section/2" id="section-2">
<Pnumber>2</Pnumber>
<P1para>
<Text><InternalLink Ref="schedule-1" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/schedule/1" DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/schedule/1">Schedule 1</InternalLink>—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/section/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/section/2/a" id="section-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>replaces the existing scheme for R&amp;D expenditure credit,</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/section/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/section/2/b" id="section-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>amends the existing scheme for R&amp;D relief, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2024/3/section/2/c" IdURI="http://www.legislation.gov.uk/id/ukpga/2024/3/section/2/c" id="section-2-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>makes related provision.</Text>
</P3para>
</P3>
</P1para>
</P1></P1group></Pblock></Chapter></Part></Body></Primary></Legislation>