Part 13Additional relief for expenditure on research and development
Chapter 8Cap on aid for R&D
1115“The tax credits”
1
In section 1114 “the tax credits” means the total R&D tax credits that have been paid to the claimant under Chapter 2 or 7 in respect of expenditure attributable to the research and development project.
2
An R&D tax credit that has been claimed but not paid or applied is treated for the purposes of subsection (1) as if it had been paid.
3
Subsection (2) does not apply if the claimant has been informed by Her Majesty's Revenue and Customs that the R&D tax credit will not be paid or applied.