Policy paper

Update to the Small and Medium-Sized Enterprises Research and Development relief: state aid cap calculation

This tax information and impact note applies to small and medium-sized companies (SMEs) making claims for Research and Development (R&D) tax relief within the SME scheme.

Documents

Details

This measure will prevent an unintended reduction in the R&D relief available to some SMEs when the Large Company relief - which is being replaced by Research and Development Expenditure Credit - expires on 31 March 2016.

Published 16 March 2016