(1)In section 1114 “the notional relief” means the total amount of relief that the claimant could have claimed under Chapter 5 (relief for large companies) in any accounting period in respect of qualifying expenditure attributable to the research and development project if the claimant had been a large company throughout the period.
(2)“Qualifying expenditure” means expenditure that, in the accounting period in question, was—
(a)qualifying Chapter 2 expenditure (see section 1051), or
(b)qualifying Chapter 7 expenditure (see section 1098).