Paragraph 2
United Kingdom
(1)
Chapter 2 (relief for SMEs: cost of R&D incurred by SME) is amended as follows.
F1(2)
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(3)
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(4)
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(5)
In section 1058 (amount of tax credit), in subsection (1)(a), for “12.5%” substitute “ 11% ”.
Annotations
Textual amendments
- F1
Sch. 3 para. 2(2)-(4) omitted (with effect in accordance with s. 27(5) of the amending Act) by virtue of Finance Act 2015 (c. 11), s. 27(4)