Part 13Additional relief for expenditure on research and development
Chapter 9Supplementary
Miscellaneous
1138“Subsidised expenditure”
1
For the purposes of this Part a company's expenditure is treated as subsidised—
a
if a notified State aid is, or has been, obtained in respect of—
i
the whole or part of the expenditure, or
ii
any other expenditure (whenever incurred) attributable to the same research and development project,
b
to the extent that a grant or subsidy (other than a notified State aid) is obtained in respect of the expenditure,
c
to the extent that it is otherwise met directly or indirectly by a person other than the company.
2
In this section “notified State aid” means a State aid notified to and approved by the European Commission.
3
For this purpose the following are not State aids—
a
relief under this Part, F1...
b
R&D tax credits under this Part.
F2c
R&D expenditure credits under Chapter 6A of Part 3.
4
For the purposes of this Part a notified State aid, grant, subsidy or payment that is not allocated to particular expenditure is to be allocated to expenditure of the recipient on a just and reasonable basis.