{
  "url": "https://openlegislation.uk/finance-no-2-act-2015/section-31",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2015/section-31.json",
  "legislation": "ukpga/2015/33",
  "legislation_title": "Finance (No. 2) Act 2015",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2015",
  "path": "section/31",
  "kind": "section",
  "number": "31",
  "heading": "R&D expenditure credits: ineligible companies",
  "text": "(1) CTA 2009 is amended as follows.\n(2) In section 104A (R&D expenditure credits), after subsection (7) insert—\n“(7A) Section 104WA contains provision about ineligible companies.”\n(3) After section 104W insert—\n“Ineligible companies\nIneligible companies\n104WA (1) No claim for an R&D expenditure credit may be made in respect of expenditure incurred by an ineligible company.\n(2) In this section, “ineligible company” means a company that is—\n(a) an institution of higher education (as defined by section 1142(1)(b)),\n(b) a charity, or\n(c) a company of a description prescribed by the Treasury by regulations.”\n(4) In section 1310(4) (orders and regulations subject to affirmative procedure), before paragraph (zza) insert—\n“(zzza) section 104WA (ineligible companies for the purposes of R&D expenditure credits),”.\n(5) The amendments made by this section have effect in relation to expenditure incurred on or after 1 August 2015.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/33/section/31",
    "retrieved_at": "2026-10-29T09:06:40.127260+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}