Paragraph 115
(1)
Chapter 7 of Part 13 (relief for SMEs and large companies: vaccine research etc) does not apply to expenditure incurred before 22 April 2003.
(2)
For this purpose section 61 (pre-trading expenses) is to be ignored.
Chapter 7 of Part 13 (relief for SMEs and large companies: vaccine research etc) does not apply to expenditure incurred before 22 April 2003.
For this purpose section 61 (pre-trading expenses) is to be ignored.