Cap on HMRC Tax Credit for Loss-Making Businesses Due to Come into Force from April 2020 To crackdown on fraudulent abuse of HMRC’s SME R&D Tax Relief, a cap on the amount of tax credit a loss-making SME can claim
Tax preparation specialist urges small businesses to ensure they are making the most of tax reliefs available to them Many small and medium sized businesses are unaware of the tax relief options available to them, potentially missing out on tax