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
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.