Is The Expiry of the PIC Scheme a Showstopper?
8 Feb 2018

With the phasing out of the Productivity & Innovation Credit (PIC) scheme, innovative but cash-strapped small businesses are losing an important lifeline of support. A new Innovation Tax Credit should be introduced to support businesses undertaking R&D and other value creation activities as they embark on their growth journey.

Such a scheme could provide tax credits of 50% of eligible expenditure, such as staff salaries, which could be paid out in cash to create a direct incentive for companies.

For more details of our pre-Budget survey report, click here.


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