Part 1 Claim Notifications
Finance (No 2) Act 2023 (2023 c 30) | Legislation

SCHEDULE 1 Relief for Research and Development

Section 10

Part 1 Claim Notifications

Requirement to make claim notifications in relation to certain R&D claims

1

(1)     Chapter 6A of Part 3 of CTA 2009 (trade profits: R&D expenditure credits) is amended as follows.

(2)     In section 104A (R&D expenditure credits), after subsection (5) insert—

“(5A)     This section is subject to section 104AA.â€

(3)     After that section insert—

“104AA Requirement to make a claim notification

(1)     A company may not make a claim under section 104A(1) (an “RDEC claimâ€) after the end of the claim notification period unless—

(a)     the company has made an R&D claim during the period of three years ending with the last day of the claim notification period,

(b)     the company makes a claim notification in respect of the RDEC claim within the claim notification period, or

(c)     the accounting period in respect of which the RDEC claim is made falls within the same period of account as another accounting period in respect of which the company has made an R&D claim or a claim notification.

(2)     For the purposes of subsection (1)(a) ignore any R&D claim for an accounting period beginning

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