What the official record says
This Act is the Taxation (Research and Development Tax Credits) Act . of this Act comes into force on 1 April 2019. of this Act comes into force on 1 April 2020. This Part applies for the 2019–20 and later income years. amend the Income Tax Act 2007. Flowchart B4 is amended by inserting the following immediately before the box labelled “Remaining credits”: In section EE 6(1)(b), replace with , and insert: in deriving exempt income, and it is used in performing research and development activities. In section EE 6, in the list of defined terms, insert . Before the heading to subpart GC, insert: This section applies when an arrangement has a purpose or effect, not being a merely incidental purpose or effect, of defeating the intent and application of (Research and development tax credits). A