Research: Tax Allowances

Summary

To ask the Chancellor of the Exchequer, with reference to the Autumn Statement 2022, published on 17 November 2022, and the planned adjustment of R&D, what assessment his Department has made on the current definition of R&D and the potential implications

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Timeline

1. 17 November 2022

   Written question

   To ask the Chancellor of the Exchequer, with reference to the Autumn Statement 2022, published on 17 November 2022, and the planned adjustment of R&D, what assessment his Department has made on the current definition of R&D and the potential implications

   Source: Commons

2. 23 November 2022

   Answer

   At Autumn Statement 2022 the Chancellor announced that as part of the ongoing review of R&D tax reliefs, the Government is reforming the reliefs to ensure taxpayers’ money is spent as effectively as possible. The R&D expenditure credit (RDEC) is better va...

   Source: Written answer

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• · Treasury · Answering body

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