Corporation Tax Act 2010 section 310

The relevant percentage

Section 310 sets the relevant percentage used to calculate the research and development expenditure credit supplement, and gives the Treasury power to change it.

• The relevant percentage for any accounting period is set at 10%.
• This percentage is used in calculating the R&D expenditure credit supplement under this Chapter.
• The Treasury has the power to vary the 10% rate by statutory order.
• Any such order may specify which accounting periods the revised percentage applies to.