# Finance Act 2012, Paragraph 2

Extent: E+W+S+N.I.

(1) Chapter 2 (relief for SMEs: cost of R&D incurred by SME) is amended as follows.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) In section 1058 (amount of tax credit), in subsection (1)(a), for “12.5%” substitute “ 11% ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.