CIRD75900 - VRR: inflated claims

FA02/SCH13/PARA24

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

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

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