Section 1179FL Excluded expenditure: research and development and unpaid amountsF1F5
United Kingdom
Expenditure is excluded expenditure to the extent that the development company would, in respect of the expenditure, be able to claim—
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
relief under Part 13 (relief in respect of expenditure on research and development).
Expenditure is excluded expenditure for an accounting period to the extent that it is not paid before the end of the period of four months beginning with the first day after the final day of the accounting period.
Annotations
Textual amendments
- F1
Pt. 14A inserted (22.2.2024) by Finance Act 2024 (c. 3), Sch. 2 para. 1 (with Sch. 2 paras. 16(1), 17-25)
- F2
S. 1179FL renumbered as s. 1179FL(1) (20.3.2025) by Finance Act 2025 (c. 8), s. 28(4)(b) (with s. 28(6))
- F3
S. 1179FL(a) omitted (with effect in relation to accounting periods beginning on or after 1.4.2024) by virtue of Finance Act 2024 (c. 3), Sch. 1 paras. 12(2)(b), 16; S.I. 2024/286, reg. 2
- F4
S. 1179FL(2) inserted (20.3.2025) by Finance Act 2025 (c. 8), s. 28(4)(c) (with s. 28(6))
- F5
Words in s. 1179FL heading inserted (20.3.2025) by Finance Act 2025 (c. 8), s. 28(4)(a) (with s. 28(6))