Related Commentary  Related HMRC Manuals

1054(1)  A company is entitled to an R&D tax credit for an accounting period if it has a Chapter 2 surrenderable loss in the period (see section 1055).

1054(2)  For the company to obtain an R&D tax credit in respect of all or part of the Chapter 2 surrenderable loss it must make a claim.

See section 1057 (which prevents a company from making a claim if it is not a going concern).

1054(3)  The amount of an R&D tax credit to which the company is entitled is determined in accordance with section 1058.

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