Source · Select Committees · Public Accounts Committee
Thirty-Third Report - HMRC performance in 2021–22
Public Accounts Committee
HC 686
Published 11 January 2023
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Thirty third report from Session 2022-23 · published 12 Apr 2023
Recommendations & Conclusions
7
Recommendation
Not Addressed
Research and development tax reliefs are costly, prone to abuse and provide questionable benefit to...
Recommendation
Research and development tax reliefs are costly, prone to abuse and provide questionable benefit to the UK economy. The government has a target of 2.4% of GDP to be invested in research and development. In 2021–22, HMRC spent £9.5 billion …
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Government Response Summary
The response addresses different recommendations (1 and 2 related to the UK Infrastructure Bank) and not the recommendation related to research and development tax reliefs.
HM Treasury
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1
Conclusion
On the basis of a report by the Comptroller and Auditor General, we took evidence...
Conclusion
On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Revenue & Customs (HMRC) on its performance in 2021–22.1 HMRC published its annual report and accounts for 2021–22 on 18 July 2022, shortly …
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HM Treasury
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