From 1st April 2021, the amount of payable R&D tax credits a company can receive through the SME R&D Tax Relief scheme will be capped at 3 x the company’s total Pay As You Earn (PAYE) and National Insurance Contributions (NIC) plus £20,000 unless one of three exceptions apply.
- Tax Planning for 2020/21
- Crowthers 2021 Payroll Newsletter