4U.K.Schedule 18 to FA 1998 (company tax returns, assessments and related matters) is amended as follows.
5U.K.In paragraph 10(2) (other claims and elections to be included in return), after “first-year tax credits” insert “ , R&D expenditure credits ”.
6(1)Paragraph 52 (recovery of excessive repayments etc) is amended as follows.U.K.
(2)In sub-paragraph (2), after paragraph (b) insert—
“(bza)R&D expenditure credit under Chapter 6A of Part 3 of the Corporation Tax Act 2009,”.
(3)In sub-paragraph (5)—
(a)after paragraph (a) insert—
“(aa)an amount of R&D expenditure credit paid to a company for an accounting period,”;
(b)after “paragraph (a),” insert “ (aa), ”.
7(1)Part 9A (claims for R&D tax relief) is amended as follows.U.K.
(2)In paragraph 83A (introduction), for the words after “applies” substitute “to—
(a)claims for R&D expenditure credits under Chapter 6A of Part 3 of the Corporation Tax Act 2009, and
(b)claims for R&D tax relief under Part 13 of that Act.”
(3)In paragraph 83C (content of claim), before “relief” insert “ credit or ”.
(4)Accordingly, the heading of the Part becomes “ CLAIMS FOR R&D EXPENDITURE CREDITS OR R&D TAX RELIEF ”.