Removal of limit on amount of tax credit based on PAYE and NIC liabilitiesU.K.
15(1)Chapter 2 (relief for SMEs: cost of R&D incurred by SME) is amended as follows.U.K.
(2)In section 1058 (amount of tax credit), in subsection (1), omit paragraph (b) (and the “or” before it).
(3)Omit section 1059 (total amount of company's PAYE and NIC liabilities).