New subsection (1) stops ineligible companies from making claims to RDEC in relation to expenditure they incur.
	Subsection (2) introduces the definition of an ineligible company.
	Subsection (2)(a) provides that a company that is an institution of higher education (as defined in Section 1142(1)(b) CTA 2009) is an ineligible company.
	Subsection (2)(b) states that a company that is a charity is an ineligible company.
	Subsection (2)(c) provides that a company of a description prescribed by HM Treasury regulations is an ineligible company.
Part 4: Income tax, corporation tax and capital gains tax Section 31: R&D expenditure credits: ineligible companies Details of the section New Section 104WA