Corporation Tax Act 2009 section 1117

"The potential relief"

Section 1117 defines "the potential relief" as used in the formula for calculating total R&D aid under section 1114.

• Potential relief is the total amount of any qualifying R&D relief (excluding R&D tax credits) for which the claimant has made a claim or election
• Only amounts that have not yet been brought into account by the claimant or any other company as at the date total R&D aid is calculated are included
• If HMRC has informed the claimant that it is not entitled to a particular relief, that relief is excluded from the potential relief figure
• The potential relief forms one component of the total R&D aid calculation set out in section 1114, helping to determine whether state aid limits are exceeded