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HMRC internal manual

Corporate Intangibles Research and Development Manual

From
HM Revenue & Customs
Updated
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VRR: inflated claims

FA02/SCH13/PARA24

There is anti-avoidance legislation in FA02/SCH13/PARA24 intended to preventartificially inflated claims for VRR or vaccine tax credit.

Do not give a company VRR or vaccine tax credit for an accounting period if arrangementshave been entered into whose object, or one of whose main objects, is to let the companyobtain a greater amount of VRR or vaccine tax credit than it would otherwise be entitledto.

This provision mirrors that for the general R&D tax credit relief.