Preventing abuse of the R&D tax relief for SMEs

By Technical Team on 30 Jul 2020

Following the announcement at the Budget in March that the government would delay the implementation of the PAYE cap on the payable tax credit in the SME R&D scheme until 1 April 2021, the government published a Summary of responses to last years’ consultation and a Second consultation.

This new consultation sets out several changes to the PAYE cap, reflecting the responses received and also seeks views on a number of other areas which remain under consideration. 

Please send any comments to technical [at] ciot.org.uk by Friday 14 August.