[1042I Redemption of value of expenditure credit]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[1042I  Redemption of value of expenditure credit]

[If a company is entitled to, and claims, an R&D expenditure credit for an accounting period, the credit is to be dealt with as follows.

Step 1
The amount of the credit is to be applied in discharging any liability of the company to pay corporation tax for the accounting period.

Step 2
If there is a notional

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