1117“The potential relief”U.K.
This section has no associated Explanatory Notes
(1)In section 1114 “the potential relief” means the total amount of any qualifying R&D relief (other than an R&D tax credit)—
(a)in respect of which the claimant has made a claim or election, but
(b)which, as at the day on which the total R&D aid is calculated in accordance with section 1114, has not been brought into account by the claimant or by any other company.
(2)Qualifying R&D relief is not to be counted for the purposes of subsection (1) if the claimant has been informed by Her Majesty's Revenue and Customs that it is not entitled to the relief.