Your trusted adviser for R&D Tax Credits, Creative Tax Relief, and R&D Grants

The PAYE Cap Returns

In this video, CEO of Myriad Associates, Barrie Dowsett, discusses the PAYE cap that is coming back into effect from April 1st 2021.

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In this video, we cover:

  • SME payable tax credit is restricted to 300% of PAYE/NI liabilities
  • Add connected entities PAYE/NI liabilities
  • £20k grace amount
  • No cap if employees "creating and managing intellectual property" and contractors/agency workers costs no higher than 15% of total R&D costs

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