Part 4: Income tax, corporation tax and capital gains tax Section 31: R&D expenditure credits: ineligible companies Details of the section Treasury power to define ineligible companies
Subsection (4) of section 30 confers a power on HM Treasury to amend the definition of an ineligible company by regulation. Any such regulation will be subject to the affirmative procedure for secondary legislation under Section 1310 CTA 2009.