Related Commentary  Related CasesRelated HMRC Manuals

1039(1)  This Part provides for corporation tax relief for expenditure on research and development.

1039(2)  Relief under this Part is in addition to any deduction given under section 87 for the expenditure.

1039(3)  Relief under Chapter 2 is available to a company which is a small or medium-sized enterprise, in particular–

(a)Chapter 2 provides for relief where the cost of in-house direct research and development or contracted out research and development is incurred by the company,

(b)[omitted by FA 2013, s. 35 and Sch. 15, para. 13(2)(b),]

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