Related Commentary  Related HMRC Manuals

1138(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.

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