Second consultation on preventing abuse of the R&D tax relief or SMEs launched
Released 19 March 2020
In a second consultation, the government is seeking input from businesses and their representatives currently claiming or planning to claim the payable research and development (R&D) tax credit.
Budget 2020 announced the R&D PAYE cap, proposed in 2018, would be delayed by a year to 1 April 2021, to allow time to consult on policy changes, which better focus the measure.
The consultation will run until 28 May 2020.
Further information, including a link to the consultation document, can be found here.