CIRD89810 - R&D Tax reliefs: R&D expenditure credit (RDEC) scheme: surrender of credit to another group company
Chapter 6A CTA 2009 S104O and R
This section applies if a company is entitled to a payable credit and surrenders the amount under either steps 2 or 5 of S104N(2).
The amount surrendered is applied in discharging the corporation tax liability of any group member for any 鈥渞elevant accounting period鈥� if there is an overlapping period between the group company accounting periods.
For definition of group member see S152 CTA2010