Alex Miller's Posts
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Legislation Day: changes to the R&D SME scheme
The government has released draft legislation for the upcoming 2021 Finance Bill which relates to the SME R&D scheme. And it's a noteworthy update, confirming that a cap of 300% of a company’s total PAYE and NIC Liability will be applied to SME scheme payable R&D credit claims. Keep reading to learn how this may affect your business’s next claim.