Budget 2018: Restriction on SME scheme R&D tax relief payable credit introduced

The Chancellor has re-introduced a restriction on the amount of SME scheme payable tax credit that companies will be able to receive.

The restriction will be by reference to the amount of PAYE & NIC paid by the company. Companies that have grown used to receiving a payable credit in cash each year will need to understand the potential effect of this on their future cash flows.

John Moore of Kingly Brookes explains the announced change and considers the types of companies most likely to be affected. To read a copy of the article please click here.



Looking for something specific?