Commentary on Sections Overview Overview Section 1060: Payment of tax credit
2758.This section explains the circumstances in which the payment of an R&D tax credit can be withheld or set against arrears of corporation tax. It is based on paragraph 18 of Schedule 20 to FA 2000.
2759.In subsection (7)(a), the words “PAYE regulations” are to be interpreted in accordance with section 684(8) of ITEPA.