# Finance Act 2014, Section 31: R&D tax credits for small or medium-sized enterprises


(1) In section 1058 of CTA 2009 (amount of tax credit), in subsection (1)(a), for “11%” substitute “ 14.5% ”.
(2) The amendment made by this section has effect in relation to expenditure incurred on or after 1 April 2014.

---
Source: https://www.legislation.gov.uk/ukpga/2014/26/section/31 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.