Section 1142C | Right to payment of credit inalienable ^F1

(1)The right of a company to be paid an amount of R&D expenditure credit or R&D tax credit may not be assigned.

(2)Accordingly, a purported assignment of such a right, or an agreement to assign such a right, is void.

(3)References to assignment in this section are to be read in Scotland as references to assignation.