Related Commentary  Related HMRC Manuals

1057(1)  A company may only make a claim under section 1054 at a time when it is a going concern.

1057(2)  If a company ceases to be a going concern after making a claim under section 1054, it is treated as if it had not made the claim (and accordingly there is treated as having been no payment of R&D tax credit to carry interest under section 826 of ICTA).

1057(3)  Subsection (2) does not apply so far as the claim relates to an amount that was paid or applied before the company ceased to be a going concern.

1057(4)  For the purposes of this section a company is a going concern if–

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