Corporation Tax Act 2009 section 104WA

Ineligible companies

Section 104WA identifies which types of company are not allowed to claim the Research and Development Expenditure Credit (RDEC).

  • Certain categories of company are completely barred from claiming RDEC on any expenditure they incur.
  • Institutions of higher education (as defined elsewhere in the Act) are ineligible to claim.
  • Companies that are charities are also ineligible to claim RDEC.
  • HM Treasury has the power to prescribe additional categories of company that are ineligible through regulations.

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