Related Commentary  

1058(1)  The amount of the R&D tax credit to which a company is entitled for an accounting period is the lesser of–

(a)14.5% of the amount of the Chapter 2 surrenderable loss for the period,

(aa)the amount given by subsection (1A).

(b)[omitted by FA 2012, s. 20 and Sch. 3, para. 15(2).]

1058(1A)  The amount given by this subsection is the sum of–

(a)£20,000, and

(b)the amount produced by multiplying by three (“the multiplier”) the companyʼs relevant expenditure on workers for payment periods ending in the accounting period (see section 1058A).

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