Changes to R&D SME tax relief

Changes to R&D SME tax relief

In an attempt to prevent abuse of the R&D system, the Government is changing the limit for SME tax credit repayments. Similar to the RDEC scheme, a PAYE cap will be introduced which will limit the amount of payable tax credit, based on the PAYE and NIC costs that...
The Impact of COVID-19 on R&D

The Impact of COVID-19 on R&D

During the COVID-19 pandemic, the government has initiated a number of schemes to help businesses. They do not stop a company being able to make an R&D tax credit claim, but they may impact the scheme under which the claim is made. To make a claim for R&D tax...