SCHEDULES
SCHEDULE 10Cap on R&D aid
Part 1Calculation of total R&D aid
3Calculation of total R&D aid
In paragraph 1 “the actual reduction in tax liability” means the aggregate of—
a
the amounts by which the liability of the claimant to pay corporation tax has been reduced in any accounting period in consequence of R&D relief in respect of expenditure attributable to the project, and
b
the amounts by which the liability of any other company to pay corporation tax has been reduced in any accounting period in consequence of a surrender to the company by the claimant under section 402 of ICTA (surrender of relief between members of groups and consortia) of a loss arising in consequence of R&D relief in respect of expenditure attributable to the project.