CIRD98600 - R&D tax relief: legislative structure and time line: FA12 changes
R&D Relief
The enhanced deduction under the SME Scheme increased from 200% to 225% for expenditure incurred on or after 1 April 2012 (CIRD80250)
R&D threshold
Removed in relation to accounting periods ending on or after 1 April 2012. (CIRD 81650)
Going Concern condition
Clarified to confirm that companies in administration or liquidation cannot make a claim to relief on or after 1 April 2012. (CIRD 81330)
PAYE/NIC cap
The restriction on tax credit payments is removed for accounting periods ending on or after 1 April 2012. (CIRD 90500)
Vaccines Research Relief
Abolished for SME’s in relation to expenditure incurred on or after 1 April 2012.
Externally Provided workers
Rules on qualifying expenditure relaxed to allow relief where more then three parties engaged in the transactions. (CIRD84000)