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United Kingdom · Question · Written question

UIN 101036

Small Businesses: Tax Allowances

answeredUnited Kingdom· UK Parliament· EN

Introduced

1 December 2022

Last action

12 December 2022 · Answer

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Answered

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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. 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

  2. 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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