[CIRD91100] R&D tax relief: SME definition: introduction
What is an SME for R&D tax relief purposes
The SME company R&D tax relief counts as a State Aid under EC rules (CIRD81670). Because of EC regulations on the permissible levels of State Aid the definition of an SME for the purposes of the scheme must not be wider than the definition of an SME provided for by the EC Recommendation on the definition of an SME. When the SME scheme began FA00/SCH20/PARA2 adopted the EC SME definition in recommendation 1996/280/EC (CIRD92700).