# Finance Act 2020, Section 28: Research and development expenditure credit


(1) In section 104M(3) of CTA 2009 (amount of R&D expenditure credit) for “12%” substitute “ 13% ”.
(2) The amendment made by this section has effect in relation to expenditure incurred on or after 1 April 2020.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/section/28 (the official version)
Page: https://openlegislation.uk/finance-act-2020/section-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.