CIRD89730 - R&D Tax reliefs: R&D expenditure credit (RDEC) scheme: refunds of contributions to independent research and subcontract payments

FA98 Sch 18 Para52 (5)(aa)Ìý

Where:Ìý

  • relief has been given in respect of a contribution to independent R&D (CIRD82200), or qualifying subcontract payments (CIRD84200), andÌý

  • the payment is wholly or partly refunded, the refund is income of the accounting period in which the refund is made.Ìý

»Ê¹ÚÌåÓýapp corresponding expenditure credit will be recovered by assessment for the same accounting period.Ìý

For guidance relevant to the old large company scheme, see�CIRD87500