Statute
Section 1142C — Corporation Tax Act 2009: Right to payment of credit inalienable
Text of the provision Official document
Right to payment of credit inalienable 1142C 1 The right of a company to be paid an amount of R&D expenditure credit or R&D tax credit may not be assigned.
2 Accordingly, a purported assignment of such a right, or an agreement to assign such a right, is void.
3 References to assignment in this section are to be read in Scotland as references to assignation.
Official source: legislation.gov.uk
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