CIRD90400 | R&D tax relief: SME scheme: restriction of consortium relief
From HM Revenue & Customs · Corporate Intangibles Research and Development Manual
CTA09/S1049
A consortium may own a SME that is entitled to R&D tax relief (see CTM80530).
In such a case the company cannot surrender any losses as group relief (see CTM80115) to consortium members that are not SMEs.