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Finance Act 2000
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- 2000 c. 17
- SCHEDULE 21
- Claims for R&D tax credits
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Changes and effects yet to be applied to Schedule 21 Crossheading Claims-for-rd-tax-credits:
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- Act applied (with modifications) by S.I. 2011/245 Sch. 6 Pt. 1
- Act modified by S.I. 2009/317 art. 3 Sch.
- Blanket amendment text amended by S.I. 2011/1043 art. 3 6
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- S.I. 2003/1725 art. 2 commences (2002 c. 9)
- S.I. 2003/1900 art. 2 commences (2003 c. 21)
- S.I. 2003/2093 art. 2 commences (2002 c. 40)
- S.I. 2003/2622 art. 2 commences (2002 c. 23)
- S.I. 2003/3142 art. 2-4 commences (2002 c. 11 and 2003 c. 21)
- S.I. 2004/2066 art. 2 commences (2003 c. 39)
- S.I. 2004/3268 art. 2 commences (2004 c. 12)
- S.I. 2005/123 art. 2 commences (2004 c. 12)
- S.I. 2005/950 art. 2-4 commences (2003 c. 44)
- S.I. 2005/1126 art. 2 commences (2005 c. 11)
- S.I. 2005/1713 art. 2 commences (2003 c. 14)
- S.I. 2005/2122 art. 2 amendment to earlier commencing SI 2005/950 Sch. 2 para. 23
- S.I. 2007/2901 art. 2 commences (2006 c. 25)
- S.I. 2007/2902 art. 2 commences (2007 c. 11)
- S.I. 2008/1928 art. 2 commences (2008 c. 9)
- S.I. 2009/511 art. 2 commences (2008 c. 9)
- S.I. 2009/571 art. 2-5 commences (2008 c. 9)
- S.I. 2010/815 art. 2 commences (2009 c. 10)
- S.I. 2010/867 art. 2 commences (2009 c. 10)
- S.R. 2006/21 art. 2 commences (S.I. 2005/1455 (N.I.))
- S.R. 2006/22 art. 2-7 transitional provisions for effects of SR 2006/21
- S.R. 2006/63 art. 2 commences (S.I. 2004/1501 (N.I.))
- S.R. 2007/37 art. 2 commences (S.I. 2006/3337 (N.I.))
Claims for R&D tax creditsE+W+S+N.I.
4After Part IX of that Schedule (claims for capital allowances) insert—E+W+S+N.I.
“Part IXAE+W+S+N.I. Claims for R&D tax credit
IntroductionE+W+S+N.I.
83AThis Part of this Schedule applies to claims for R&D tax credits under Schedule 20 to the Finance Act 2000.
Claim to be included in company tax returnE+W+S+N.I.
83B(1)A claim for an R&D tax credit must be made by being included in the claimant company’s company tax return for the accounting period for which the claim is made.
(2)It may be included in the return originally made or by amendment.
Content of claimE+W+S+N.I.
83CA claim for an R&D tax credit must specify the amount of the relief claimed, which must be an amount quantified at the time the claim is made.
Amendment or withdrawal of claimE+W+S+N.I.
83DA claim for an R&D tax credit may be amended or withdrawn by the claimant company only by amending its company tax return.
Time limit for claimsE+W+S+N.I.
83E(1)A claim for an R&D tax credit may be made, amended or withdrawn at any time up to the first anniversary of the filing date for the company tax return of the claimant company for the accounting period for which the claim is made.
(2)The claim may be made, amended or withdrawn at a later date if the Inland Revenue allow it.
PenaltyE+W+S+N.I.
83F(1)The company is liable to a penalty where it—
(a)fraudulently or negligently makes a claim for an R&D tax credit which is incorrect, or
(b)discovers that a claim for an R&D tax credit made by it (neither fraudulently or negligently) is incorrect and does not remedy the error without unreasonable delay.
(2)The penalty is an amount not exceeding the excess R&D tax credit claimed, that is, the difference between—
(a)the amount of the R&D tax credit to which the company is entitled for the accounting period to which the claim relates, and
(b)the amount of the R&D tax credit claimed by the company for that period.”.
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