(a) In this section and in section 766C -
'authorised officer' means an officer of the Revenue Commissioners authorised by them in writing for the purposes of this section;
'EEA Agreement' means the Agreement on the European Economic Area signed at Oporto on 2 May 1992 as adjusted by the Protocol signed at Brussels on 17 March 1993;
'expenditure on research and development', in relation to a company, means expenditure, other than expenditure on a building or structure, incurred by the company wholly and exclusively in the carrying on by it of research and development activities in a relevant Member State, being expenditure -
(i) which -
(I) is allowable for the purposes of tax in the State as a deduction in computing income from a trade (otherwise than by virtue of section 307), or would be so allowable but for the fact that for accounting purposes it is brought into account in determining the value of an intangible asset, or
(II) is relieved under Part 8,
(ii) on machinery or plan
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