Schedule 3 Relief for expenditure on R&D

1. Introductory
2. Amount of relief for expenditure on R&D by small or medium-sized enterprises (“SMEs”)
3. Removal of R&D threshold
4. Company not a going concern when in administration or liquidation
5. Removal of limit on amount of tax credit based on PAYE and NIC liabilities
6. Abolition of vaccine research relief for SMEs
7. Qualifying expenditure on externally provided workers
8. Application