Related Commentary  Related HMRC Manuals

104R(1)  This section applies if–

(a)a company is entitled to an R&D expenditure credit under this Chapter for an accounting period (“the surrender period”), and

(b)the company surrenders the whole or any part of the credit to another member of the group (the “relevant group member”) under step 5 in section 104N(2).

104R(2)  In this section an accounting period of a relevant group member is a “relevant accounting period” if there is a period (“the overlapping period”) that is common to the accounting period and the surrender period.

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