Section 1142D | General rule against payments of credit to nominees

(1)Where an amount of R&D expenditure credit or R&D tax credit is owed to a company, an officer of Revenue and Customs may not pay the amount to a person other than the company (even on the instruction or at the request of the company).

(2)Subsection (1) does not apply if—

(a)the company requests that payment be made to a person connected with the company, or

(b)the officer is satisfied that exceptional circumstances make payment to the company impracticable or inconvenient.