The £1 million Annual Investment Allowance (AIA) limit is extended to 31 March 2023 .Previously, on FA2021 limit the amount of R&D tax credit for companies which are small or medium sized enterprises (SMEs). From 1 April 2021 a SME can claim to £20,000 plus 300% of its total PAYE and NIC liability for the period (£20,000+ 3 X PAYE &NIC). Autumn Budget on 27 October 2021, the scope of the relief is to be expanded to include cloud computing and data costs.

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