Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to HMRC's policy paper entitled Merger of current small or medium enterprise (SME) and Research and Development Expenditure Credit (RDEC) schemes, updated on 23 November 2023, whether his Department has assessed the potential impact of the proposed merger on individual sectors.

R&D tax relief will continue to be available to all sectors following the merger of the small or medium enterprise (SME) and Research and Development Expenditure Credit (RDEC) schemes.

The government will monitor the impact on claimants of R&D relief policy changes, including on sectors, through information collected from claims and claim notifications.

HMRC publish annual statistics on the sectoral distribution of R&D tax credit claims https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit