Section 1142D — Corporation Tax Act 2009: General rule against payments of credit to nominees

General rule against payments of credit to nominees 1142D 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.