Finance Act 2000 (c. 17)

SCHEDULES

SCHEDULE 21 R&D tax credits: consequential amendments

Recovery of excessive R&D tax credit

3 In paragraph 52 of that Schedule (recovery of excessive repayments, etc.)—

(a) in sub-paragraph (2) (excessive repayments to which paragraphs 41 to 48 apply), before “or” at the end of paragraph (b) insert—

“(ba) R&D tax credit under Schedule 20 to the Finance Act 2000,”; and

(b) in sub-paragraph (5) (connection of assessment for excessive payment to an accounting period), before “or” at the end of paragraph (a) insert—

“(ab) an amount of R&D tax credit paid to a company for an accounting period,”; and

(c) at the end of that sub-paragraph after “(a)” insert “, (ab)”.