The Research and Development Tax Relief (Definition of Small or Medium-Sized Enterprise) Order 2005

• Citation: S.I. 2005/3376
• Sections: 3

Section 1 Citation, commencement and effect

(1) This Order may be cited as the Research and Development Tax Relief (Definition of “Small or Medium-Sized Enterprise”) Order 2005 and shall come into force on 31st December 2005.

(2) Article 2 has effect in relation to accounting periods ending on or after that date.

(3) Article 3 has effect in relation to expenditure incurred on or after 8th December 2005.

Section 2 Definition of small or medium-sized enterprise —Finance Act 2000, Schedule 20

In paragraph 2(1) of Schedule 20 to the Finance Act 2000 (definition of small or medium-sized enterprises for the purposes of tax relief for expenditure on research and development by such enterprises) in paragraph (b) of qualification 1 for “either” substitute “both”.

Section 3 Definition of small or medium-sized enterprise — Finance Act 2002, Schedule 12

In paragraph 2(1)(b) of Schedule 12 to the Finance Act 2002 (definition of small or medium-sized enterprise for the purpose of tax relief for expenditure on research and development: large companies and small or medium-sized enterprises) for the words from “means a small” to the end substitute “has the meaning given by paragraph 2(1) of Schedule 20 to the Finance Act 2000.”.