Research: Tax Allowances
(asked on 6th December 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 November 2022 to Question 90808 on Research: Tax Allowances, on which 2021 R&D figure his Department is basing its forecast.
This question was answered on 9th December 2022
The amount of qualifying R&D expenditure used to claim R&D tax relief is estimated to be £38.1 billion for the tax year 2020 to 2021. This was published in HMRC’s Research and Development Tax Credits Statistics: September 2022, Section 5.
https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit/research-and-development-tax-credits-statistics-september-2022