Research & Development (R&D) tax credit to be restricted
Post Author:
Anne Melville
Date Posted:
December 7, 2018
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The amount of repayable R&D tax credit for Small and Medium Sized Enterprises (SMEs) will again be restricted by the amount of the claimant company’s PAYE and NIC liability from 1 April 2020.
The new limit will be set at three times the company’s total PAYE and National Insurance contribution (NICs) payment for the period.
