Source · Select Committees · Finance Bill Sub-Committee
Recommendation 3
3
We welcome the announcement at Autumn Statement 2023 that the R&D review is now complete.
Recommendation
We welcome the announcement at Autumn Statement 2023 that the R&D review is now complete. Businesses need time to adjust to all the recent changes to R& D relief. We recommend that, over the medium term, the Government does not make further changes to R&D tax relief, other than to simplify the relief as set out in this report. (Paragraph 34) The Research & Development Intensive Scheme for Small and Medium Enterprises
Government Response
A response document is linked to this report, dated 3 May 2024. Response attribution to this recommendation has not been verified. Read the response document ↗