Part 13... expenditure on research and development
Chapter 9Supplementary
Miscellaneous
F11142DGeneral rule against payments of credit to nominees
(1)
Where an amount of R&D expenditure credit or R&D tax credit is owed to a company, an officer of Revenue and Customs may not pay the amount to a person other than the company (even on the instruction or at the request of the company).
(2)
Subsection (1) does not apply if—
(a)
the company requests that payment be made to a person connected with the company, or
(b)
the officer is satisfied that exceptional circumstances make payment to the company impracticable or inconvenient.