The Research and Development (Chapter 2 Relief) Regulations 2024

Made: at 1.55 p.m. on 11th March 2024

Laid before the House of Commons: at 4.30 p.m. on 11th March 2024

Coming into force: 1st April 2024

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Citation, commencement and interpretation

1

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Application of regulations 3 and 4

2

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Payments for overseas R&D to qualify for Chapter 2 relief

3

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Limit on amount of relief obtainable over 3-year period

4

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Signed

Joy Morrissey — Scott Mann — Two of the Lords Commissioners of His Majesty’s Treasury — At 1.55 p.m. on 11th March 2024

Explanatory note

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Footnotes

[^f00001]: 2009 c. 4. Sections 1112J and 1138A were inserted respectively by paragraphs 8 and 9(12) of Schedule 1 to the Finance Act 2024 (c. 3) with effect in relation to accounting periods beginning on or after 1st April 2024 (see paragraph 16(1) of that Schedule and S.I. 2024/286); section 1142E was inserted by paragraph 9(18) of that Schedule.

[^f00002]: Relevant amendments of the Chapter are made by Part 1 of Schedule 1 to the Finance Act 2024 with effect in relation to accounting periods beginning on or after 1st April 2024 (see paragraph 16(1) of that Schedule and S.I. 2024/286). Chapter 2 of Part 13 of CTA 2009 has been amended by provisions in various statutes including the Corporation Tax Act 2010 (c. 4), the Finance (No. 3) Act 2010 (c. 33), the Finance Act 2012 (c. 14), the Finance Act 2015 (c. 11), the Finance (No. 2) Act 2017 (c. 32), the Finance Act 2021 (c. 26), the Finance Act 2023 (c. 1) and the Finance (No. 2) Act 2023 (c. 30).

[^f00003]: For the meaning of “R&D tax credit”, see section 1054 of CTA 2009. That section was amended by paragraph 2(4) of Schedule 1 to the Finance (No. 2) Act 2023 and paragraph 6(10) of Schedule 1 to the Finance Act 2024.

[^f00004]: Section 1044 was amended by paragraph 3(3) of Schedule 3 to the Finance Act 2012, section 4(3) of the Finance Act 2023, paragraph 2(2) of Schedule 1 to the Finance (No. 2) Act 2023 and paragraph 6(4) of Schedule 1 to the Finance Act 2024.

[^f00005]: Section 1045 was amended by paragraph 3(4) of Schedule 3 to the Finance Act 2012, section 4(3) of the Finance Act 2023 and paragraph 6(5) of Schedule 1 to the Finance Act 2024.

Editorial notes

[^key-1c7e04adfc0a08527eb17a4ff7453cb6]: Regulations revoked (20.3.2025) by Finance Act 2025 (c. 8), s. 29(6)(9) (with s. 29(9))