Written Question·Treasury·UIN 18889

Research: Tax Allowances

Tabled: 10 December 2024

Answered: 16 December 2024

Named Day

Question

Liam Byrne

Labour — Birmingham Hodge Hill and Solihull North

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of R&D tax reliefs on (a) business investment and (b) economic growth.

Answer

James Murray

The Government recognises the important role that research and development (R&D) plays in driving innovation and economic growth as well as the benefits it can bring for society. Overall, R&D reliefs will support an estimated £56 billion of busine...

ⓘ

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 18889) →