Preventing abuse of R&D tax relief for SMEs

Preventing abuse of R&D tax relief for SMEs
HMRC have published a policy paper covering a change to the research and development (R&D) tax relief rules for small and medium-sized enterprises which will take effect from 1 April 2021.
From 1 April 2021, the amount of R&D tax credit which a company can claim will be limited to £20,000 plus 300% of its total PAYE and National Insurance contributions liability for the period.
Further information can be found in the policy paper Preventing abuse of Research and Development tax relief for small and medium-sized enterprises.
Added By: Sharon Worger on 01st Dec 2020 - 15:00
Number of Views: 58
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