Schedule 12 - Tax relief for expenditure on research and development

Part of Finance Bill – in a Public Bill Committee at 6:45 pm on 21st May 2002.

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Photo of Michael Jack Michael Jack Conservative, Fylde 6:45 pm, 21st May 2002

I beg to move amendment No. 80, in page 194, line 44, at end insert—

'17A (1) Paragraph 5(1) of Schedule 20 to the Finance Act 2000 shall be amended as follows.

(2) In paragraph (a) delete ''other than'' and insert ''including''.

(3) In paragraph (b) after ''company'' insert ''together with any Class 1A national insurance contributions paid by the company''.'.

The amendment again goes to the minutiae of the measure, but it is on an interesting detail. As I understand the proposals, when an employee takes a cash option instead of a company car, the cash option will qualify for R and D relief. However, the provision of a company car as a benefit in kind will not. The amendment addresses that issue, which is undoubtedly important to those to whom the company car matters.