United Kingdom · Question · Written question
UIN 101036
Small Businesses: Tax Allowances
Introduced
1 December 2022
Last action
12 December 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
12 December 2022
Summary
To ask the Chancellor of the Exchequer, for what reasons the additional tax deduction for research and development costs for small and medium enterprises will be cut from 130 to 86 per cent.
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Timeline
1 December 2022
Written question
To ask the Chancellor of the Exchequer, for what reasons the additional tax deduction for research and development costs for small and medium enterprises will be cut from 130 to 86 per cent.
Source: Commons
12 December 2022
Answer
As part of the ongoing R&D tax reliefs review, as announced at the Autumn Statement, the Government is reforming the R&D tax reliefs to ensure taxpayers’ money is spent as effectively as possible, to improve the competitiveness of the RDEC scheme, and tak...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-12-01/101036
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1547424
- uk · wq-1547424 · source updated 12 December 2022