Modifications etc. (not altering text)
C1Sch. 18 restricted (31.7.1998) by 1988 c. 1, s. 754B(10) (as inserted (31.7.1998 with effect as mentioned in Sch. 17 para. 37 of 1998 c. 36) by 1998 c. 36, s. 113, Sch. 17 para. 11)
Textual Amendments
F1Sch. 18 Pt. 9A (paras. 83A-83F) inserted (28.7.2000 with effect as mentioned in s. 69(1) of the amending Act) by 2000 c. 17, s. 69(2), Sch. 21 para. 4
83AU.K.This Part of this Schedule applies to claims for R&D tax credits under Schedule 20 to the Finance Act 2000.
83B(1)A claim for an R&D tax credit must be made by being included in the claimant company’s company tax return for the accounting period for which the claim is made.U.K.
(2)It may be included in the return originally made or by amendment.
83CU.K.A claim for an R&D tax credit must specify the amount of the relief claimed, which must be an amount quantified at the time the claim is made.
83DU.K.A claim for an R&D tax credit may be amended or withdrawn by the claimant company only by amending its company tax return.
83E(1)A claim for an R&D tax credit may be made, amended or withdrawn at any time up to the first anniversary of the filing date for the company tax return of the claimant company for the accounting period for which the claim is made.U.K.
(2)The claim may be made, amended or withdrawn at a later date if the Inland Revenue allow it.
83F(1)The company is liable to a penalty where it—U.K.
(a)fraudulently or negligently makes a claim for an R&D tax credit which is incorrect, or
(b)discovers that a claim for an R&D tax credit made by it (neither fraudulently or negligently) is incorrect and does not remedy the error without unreasonable delay.
(2)The penalty is an amount not exceeding the excess R&D tax credit claimed, that is, the difference between—
(a)the amount of the R&D tax credit to which the company is entitled for the accounting period to which the claim relates, and
(b)the amount of the R&D tax credit claimed by the company for that period.]