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United Kingdom · Question · Written question

UIN 18889

Research: Tax Allowances

answeredUnited Kingdom· UK Parliament· EN

Introduced

10 December 2024

Last action

16 December 2024 · Answer

Status

Answered

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Discovery layer

Source updated

16 December 2024

Summary

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of R&D tax reliefs on (a) business investment and (b) economic growth.

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Timeline

  1. 10 December 2024

    Written question

    To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of R&D tax reliefs on (a) business investment and (b) economic growth.

    Source: Commons

  2. 16 December 2024

    Answer

    The Government recognises the important role that research and development (R&D) plays in driving innovation and economic growth as well as the benefits it can bring for society. Overall, R&D reliefs will support an estimated £56 billion of busine...

    Source: Written answer

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