CIRD90400 - R&D tax relief: SME scheme: Restriction of consortium relief

CTA09/S1049

A consortium may own a SME that is entitled to R&D tax relief (see (This text has been withheld because of exemptions in the Freedom of Information Act 2000)).

In such a case the company cannot surrender any losses as group relief (see (This text has been withheld because of exemptions in the Freedom of Information Act 2000)) to consortium members that are not SMEs.