{
  "url": "https://openlegislation.uk/finance-act-2015/section-27",
  "json_url": "https://openlegislation.uk/finance-act-2015/section-27.json",
  "legislation": "ukpga/2015/11",
  "legislation_title": "Finance Act 2015",
  "legislation_url": "https://openlegislation.uk/finance-act-2015",
  "path": "section/27",
  "kind": "section",
  "number": "27",
  "heading": "Amount of relief for expenditure on research and development",
  "text": "(1) CTA 2009 is amended as follows.\n(2) In Chapter 6A of Part 3 (trade profits: R&D expenditure credits), in section 104M (amount of R&D expenditure credit), in subsection (3), for “10%” substitute “ 11% ”.\n(3) In Chapter 2 of Part 13 (relief for SMEs: cost of R&D incurred by SME)—\n(a) in section 1044 (additional deduction in calculating profits of trade), in subsection (8), for “125%” substitute “ 130% ”,\n(b) in section 1045 (alternative treatment for pre-trading expenditure: deemed trading loss), in subsection (7), for “225%” substitute “ 230% ”, and\n(c) in section 1055 (tax credit: meaning of “Chapter 2 surrenderable loss”), in subsection (2)(b), for “225%” substitute “ 230% ”.\n(4) In consequence of subsection (3), in Schedule 3 to FA 2012, omit paragraph 2(2) to (4).\n(5) The amendments made by this section have effect in relation to expenditure incurred on or after 1 April 2015.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/11/section/27",
    "retrieved_at": "2026-10-28T17:01:27.985809+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}