United Kingdom · Question · Written question
UIN 74669
Research: Tax Allowances
Original
Introduced
31 October 2022
Last action
3 November 2022 · Answer
Status
Answered
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Subjects
Discovery layer
Source updated
3 November 2022
Summary
To ask the Chancellor of the Exchequer, with reference to ONS R&D Tax Credit Data, published on 29 September 2022, for what reason there has been a £469 million R&D tax credit error and fraud in the financial year 2021-22; and what steps he is taking to p
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Timeline
31 October 2022
Written question
To ask the Chancellor of the Exchequer, with reference to ONS R&D Tax Credit Data, published on 29 September 2022, for what reason there has been a £469 million R&D tax credit error and fraud in the financial year 2021-22; and what steps he is taking to p
Source: Commons
3 November 2022
Answer
The current HMRC estimate of error & fraud (E&F) in Research and Development (R&D) tax reliefs is £469 million. This is 4.9 per cent of the £9.5 billion R&D expenditure in the 2021-22 Resource Accounts. The level of E&F for the Small and Medium Enterprise...
Source: Written answer
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-10-31/74669
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1537848
- uk · wq-1537848 · source updated 3 November 2022