Written Question·Treasury·UIN 14615

Research: Tax Allowances

Tabled: 18 November 2024

Answered: 21 November 2024

Named Day

Question

Neil Coyle

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of broadening the definition of research and development activities that qualify for tax relief to include research and development undertaken by creative indus

Answer

James Murray

Qualifying R&D is defined as a project seeking to achieve an advance in science or technology through the resolution of uncertainty, which allows claims from creative sectors.In the 2021 consultation on R&D tax reliefs, there was a strong consensu...

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