# Finance Act 2025, Section 30: Research and development intensity condition: transitional provision

Extent: E+W+S+N.I.

(1) In paragraph 21 of Schedule 1 to FA 2024 (higher rate of payable credit for R&D-intensive SMEs between 1 April 2023 and 1 April 2024), for sub-paragraph (4) substitute—
“(4) But that section is to be read for the purposes of sub-paragraph (3) as if—
(a) in subsections (2) and (3), for “30%” there were substituted “40%”;
(b) in subsection (7), for paragraph (b) there were substituted—
“(b) it is expenditure in respect of which the company is entitled to relief under this Chapter or Chapter 6A of Part 3 for the period.””
(2) The amendment made by this section is to be treated as always having had effect.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/section/30 (the official version)
Page: https://openlegislation.uk/finance-act-2025/section-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.