Commentary on Sections Overview Overview Section 1090: Modification of section 1089 for larger SMEs
2837.This section modifies section 1089. It is based on paragraphs 13, 14 and 15A of Schedule 13.
2838.The purpose of this modification is to keep the deduction in section 1089 within the European Union limit on state aid. “Larger SME” is defined in section 1121. Schedule 2 (transitionals and savings) disapplies the “larger SME” category of company in relation to expenditure incurred before 1 August 2008. This preserves the commencement rule in section 50(7) of FA 2007.