Research: Tax Allowances

Summary

To ask the Chancellor of the Exchequer, with reference to his Departments R&D Tax Reliefs report published in November 2021, how much and what proportion of the £47.5 billion of research and development expenditure that UK companies claimed tax relief on

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Timeline

1. 2 December 2021

   Written question

   To ask the Chancellor of the Exchequer, with reference to his Departments R&D Tax Reliefs report published in November 2021, how much and what proportion of the £47.5 billion of research and development expenditure that UK companies claimed tax relief on

   Source: Commons

2. 8 December 2021

   Answer

   HMRC previously produced an estimate of £4 billion to £7 billion for overseas expenditure in the year ending March 2018 out of £36.8 billion of the total Research and Development expenditure used to claim tax credits.

   Source: Written answer

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• · Treasury · Answering body

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