Part 2 R&D Expenditure on Data and Cloud Computing
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Part 2 R&D Expenditure on Data and Cloud Computing

Relief for R&D expenditure on data and cloud computing

3

(1)     Chapter 9 of Part 13 of CTA 2009 (additional relief for expenditure on R&D: supplementary) is amended as follows.

(2)     In the italic heading before section 1125 (“software or consumable itemsâ€), after “Software†insert “, data licences, cloud computing servicesâ€.

(3)     In that section—

(a)     in the heading, after “Software†insert “, data licences, cloud computing servicesâ€;

(b)     in subsection (1)—

(i)     in the words before paragraph (a), for “or consumable items means expenditure on†substitute “, data licences, cloud computing services or consumable items means an amount paid by the company in respect ofâ€;

(ii)     omit the “or†at the end of that paragraph;

(iii)     after that paragraph insert—

“(aa)     data licences,

(ab)     cloud computing services, orâ€;

(c)     after subsection (1) insert—

“(1A)     For the purposes of subsection (1)(aa) a data licence is a licence to access and use a collection of digital data.

(1B)     For the purposes of subsection (1)(ab) cloud computing services include the provision of access to, and maintenance of, remote—

(a)     data storage and

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Pension commencement lump sums (PCLSs)

Pension commencement lump sums (PCLSs)When a member of a pension scheme becomes entitled to receive their scheme benefits, they can usually take part as a tax-free lump sum. HMRC calls this a ‘pension commencement lump sum’ (PCLS). Taking a lump sum is usually at the option of the member who will

LEXISNEXIS

Guarantee payments

Guarantee paymentsThis Practice Note explains the right to a guarantee payment, which provides limited pay protection for certain employees who are laid off or put on short-time working.In practice the question whether a guarantee payment is due will usually arise in the case of hourly paid or piece

LEXISNEXIS

The Standard Provisions of the Society of Trust and Estate Practitioners (STEP)

The Standard Provisions of the Society of Trust and Estate Practitioners (STEP)FORTHCOMING CHANGE: The Society of Trust and Estate Practitioners (STEP) is currently reviewing and revising the STEP Standard provisions and intends to release the 3rd edition later in 2021.Trustees' powersAs trusts can

LEXISNEXIS

Negligence—key elements to establish a negligence claim

Negligence—key elements to establish a negligence claimNegligence—what are the key ingredients to establish a claim in negligence?For liability in negligence to be founded, four key ingredients must be present:•duty of care•breach of that duty•damage (which is caused by the breach)•foreseeability of