Preventing abuse of Research and Development tax relief for small and medium-sized enterprises
This measure introduces a limit to prevent the abuse of Research and Development (R&D) tax relief for SMEs.
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The amount of payable small or medium sized enterprise (SME) R&D tax credit which a company can claim in a period will be limited to £20,000 plus 300% of its total PAYE and National Insurance contributions liability for the period.
Read the Preventing abuse of the R&D tax relief for SMEs consultation and summary of responses.