Reminder about the consultation paper to address R&D tax credit abuse. Recall that one of the proposals is to cap tax credits to 3x a company’s PAYE/NIC liability (see our previous post on this). This article highlights a good example of a sector that would be adversely affected by this proposal, ie life sciences, who tend to not have a large headcount. It’s crucial you have your say if you are affected. The Government wants you to. The consultation period closes on 24 May 2019.
View the Government consultation paper here: https://www.gov.uk/government/consultations/preventing-abuse-of-the-rd-tax-relief-for-smes
We can provide you with an R&D tax credit advance loan. See our home page for details: https://www.rockinghorsegroup.co.uk