Research and Development Expenditure Credit

(asked on 23rd November 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to paragraph 3.26 of the Autumn Budget 2017, what estimate the Government has made of the number of businesses that will benefit from the increase in R&D expenditure credit in (a) Jarrow constituency, (b) South Tyneside, (c) the North East and (d) England.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 28th November 2017

The number of businesses registered in (a) Jarrow constituency and (b) South Tyneside which claim the R&D expenditure credit (RDEC) cannot be disclosed for reasons of taxpayer confidentiality.

The estimated numbers of businesses registered in (c) the North East and (d) England which claimed RDEC in 2015-16 are published in Table RD5 of the R&D Tax Credits National Statistics:

https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit

These statistics also show the estimated number of businesses which claimed under the large company scheme that has now been replaced by RDEC.

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