June 3, 2020

Whilst Covid-19 grants and loans are vital for some businesses, do make sure a loan now does not mean you are prevented from making an SME R&D claim later on.  In summary Deferred liabilities during the Covid period such as VAT and ITSA payments on account will not impact repayments of RDEC or tax credit. Comparably, tax deferred under time to pay (TTP) arrangements would be offset against repayable RDEC or tax credits, reducing the repayment received. There are a