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Select committee: Finance Bill Sub-Committee

Recommendation 34

2nd Report - Research and development tax relief, HMRC data requirements, promoters of tax avoidance and sentencing for tax fraud Published 1 Feb 2024 Paragraph 139

Finance Bill Sub-Committee Draft Finance Bill 2023-24 All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗

Recommendation (the committee's words)
We recommend that in 2024 HMRC work closely with members of its Research and Development Communication Forum in order to clarify the treatment of both ‘contracted out R&D’ and subsidised expenditure.

From: Finance Bill Sub-Committee, 2nd Report - Research and development tax relief, HMRC data requirements, promoters of tax avoidance and sentencing for tax fraud, paragraph 139, 1 February 2024

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 ↗