# Finance Act 2012, Paragraph 5


(1) Chapter 4 (relief for SMEs: subsidised and capped expenditure on R&D) is amended as follows.
(2) In section 1068 (additional deduction in calculating profits of trade)—
(a) in subsection (1), omit “, B”, and
(b) omit subsection (3).
(3) Omit section 1069 (R&D threshold).

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.