Source · Select Committees · Finance Bill Sub-Committee
Recommendation 21
21
Paragraph: 96
We acknowledge that, for those companies that are not R&D intensive, having just one scheme...
Conclusion
We acknowledge that, for those companies that are not R&D intensive, having just one scheme for R&D tax relief will be a simplification. However, we agree with many of our witnesses that retaining the existing SME scheme for R&D intensive businesses is a missed opportunity in terms of the Government’s tax simplification agenda.
Paragraph Reference:
96
Government Response
A response document is linked to this report, dated 3 May 2024. Response attribution to this conclusion has not been verified. Read the response document ↗