Research: Tax Allowances

Summary

To ask the Chancellor of the Exchequer, with reference to paragraph 5.52 in the Autumn Statement, CP751, published on 17 November 2022, what estimate his Department has made of the (a) percentage of the total R&D budget and (b) monetary amount that R&D ta

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Timeline

1. 18 November 2022

   Written question

   To ask the Chancellor of the Exchequer, with reference to paragraph 5.52 in the Autumn Statement, CP751, published on 17 November 2022, what estimate his Department has made of the (a) percentage of the total R&D budget and (b) monetary amount that R&D ta

   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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