#HMRC are proposing changes to R&D tax relief for #SME businesses to prevent abuse. If you are an SME with losses with relatively few staff and subcontract parts of your R&D to third parties, your cash back claims could be impacted. Get in touch to find out more.
To ensure this works for business, we’re asking for 2 key things:
- a £100k threshold to the cap so that the c.88% of claims below this amount are not impacted – after all this change is about preventing large scale, artificial abuse, not genuine claims;
- no time limit to a carry forward mechanism so that impacted SMEs can still claim cash back once they start employing people / paying more PAYE/NICs.
