# Finance Act 2018, Section 19: Research and development expenditure credit


(1) In section 104M of CTA 2009 (amount of R&D expenditure credit), in subsection (3), for “11%” substitute “ 12% ”.
(2) The amendment made by subsection (1) has effect in relation to expenditure incurred on or after 1 January 2018.

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Source: https://www.legislation.gov.uk/ukpga/2018/3/section/19 (the official version)
Page: https://openlegislation.uk/finance-act-2018/section-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.