Further colour HM Government’s crackdown on R&D tax credit abuse. Here is a consultation paper they have released where they are inviting responses until May. One of the key proposals is to cap tax credit amounts, above a certain threshold, to 3x a company’s total PAYE/NIC liability (not just the R&D linked bit). Though they propose to allow this to be rolled over until a company is paying more PAYE/NIC, that could be a long time for startups/SMEs needing early funding. Key will be how large the threshold will be before it kicked in . Have your say!  https://www.gov.uk/government/consultations/preventing-abuse-of-the-rd-tax-relief-for-smes

We can advance lend against your expected tax credit. See our home page for details: https://www.rockinghorsegroup.co.uk