Source · Select Committees · Public Accounts Committee
Recommendation 10
10
HMRC is responsible for administering Corporation Tax research and development (R&D) reliefs, which support companies...
Conclusion
HMRC is responsible for administering Corporation Tax research and development (R&D) reliefs, which support companies that work on innovative projects. There is a scheme for small and medium-sized enterprises, and a research and development expenditure credit scheme, mainly for larger companies. Both schemes are complex and open up opportunities for abuse.23
Government Response
A response document is linked to this report, dated 28 April 2022. Response attribution to this conclusion has not been verified. Read the response document ↗