Written Question·Department for Science, Innovation and Technology·UIN 33870
Science and Technology: Tax Allowances
Tabled: 26 February 2025
Answered: 7 March 2025
Question
Dame Chi Onwurah
Labour — Newcastle upon Tyne Central and West
To ask the Secretary of State for Science, Innovation and Technology, what steps he is taking with the Chancellor of the Exchequer to help ensure that tax incentives for science and technology are used to promote innovation.
Answer
Feryal ClarkResearch and development (R&D) tax reliefs are vital to economic growth, and will support an estimated £56 billion of business R&D expenditure a year by 2029-30.In the Corporate Tax Roadmap, the Government committed to strengthening the administra...
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