Calculating the claim

The claim template (Tool B (EXCEL 50K)) allows you to enter the figures for each of the cost headings.

Once you have done this, you can calculate the amount of tax relief or payable tax credit to which you are entitled.

The template shows that the amount of payable credit available is limited by:

• the amount of surrenderable loss available, and
• the amount of PAYE/NI liability due to be paid by the company in the accounting period.

Further information on this calculation and the limiting factors is available at CIRD90500.