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1110412
registered interest false remove filter
date less than 2019-04-08more like thismore than 2019-04-08
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Research: Tax Allowances remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he plans to modernise the research and development tax credit to include real-world studies and costs relating to health data to reflect the (a) changing nature of pharmaceutical research and development and (b) ambitions of the UK to be a leader in those areas. more like this
tabling member constituency Bolton West more like this
tabling member printed
Chris Green more like this
uin 242162 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-12more like thismore than 2019-04-12
answer text <p>Research and Development (R&amp;D) tax reliefs are an effective and internationally competitive element of the government’s support for innovation. In 2015-16 they provided £3.7 billion worth of relief to innovative businesses and the partial outturn data for 2016-17 shows that this support is on track to rise further. The government keeps all tax reliefs under review.</p><p> </p><p>The government prioritised science and innovation spending at the 2015 Spending Review and since 2016 and has committed an additional £7bn for R&amp;D by 2021-22. This is the largest increase in support for R&amp;D for 40 years and demonstrates progress towards the Industrial Strategy target of increasing economy-wide R&amp;D investment to 2.4% of GDP by 2027.</p><p> </p><p>The UK’s Life Sciences sector is an important part of our economy, contributing over £70 billion a year and 240,000 jobs across the country. The government published two Life Sciences Sector Deals which are supported by commitments to increase R&amp;D investment.</p>
answering member constituency Central Devon more like this
answering member printed Mel Stride remove filter
grouped question UIN
242163 more like this
242164 more like this
question first answered
less than 2019-04-12T12:19:07.543Zmore like thismore than 2019-04-12T12:19:07.543Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4398
label Biography information for Chris Green more like this
1110413
registered interest false remove filter
date less than 2019-04-08more like thismore than 2019-04-08
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Research: Tax Allowances remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he plans to modernise the research and development tax credit to include regulatory and other roles integral to pharmaceutical research and development to reflect the multi-disciplinary nature of this work and provide an internationally competitive incentive. more like this
tabling member constituency Bolton West more like this
tabling member printed
Chris Green more like this
uin 242163 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-12more like thismore than 2019-04-12
answer text <p>Research and Development (R&amp;D) tax reliefs are an effective and internationally competitive element of the government’s support for innovation. In 2015-16 they provided £3.7 billion worth of relief to innovative businesses and the partial outturn data for 2016-17 shows that this support is on track to rise further. The government keeps all tax reliefs under review.</p><p> </p><p>The government prioritised science and innovation spending at the 2015 Spending Review and since 2016 and has committed an additional £7bn for R&amp;D by 2021-22. This is the largest increase in support for R&amp;D for 40 years and demonstrates progress towards the Industrial Strategy target of increasing economy-wide R&amp;D investment to 2.4% of GDP by 2027.</p><p> </p><p>The UK’s Life Sciences sector is an important part of our economy, contributing over £70 billion a year and 240,000 jobs across the country. The government published two Life Sciences Sector Deals which are supported by commitments to increase R&amp;D investment.</p>
answering member constituency Central Devon more like this
answering member printed Mel Stride remove filter
grouped question UIN
242162 more like this
242164 more like this
question first answered
less than 2019-04-12T12:19:07.59Zmore like thismore than 2019-04-12T12:19:07.59Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4398
label Biography information for Chris Green more like this
997430
registered interest false remove filter
date less than 2018-10-29more like thismore than 2018-10-29
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Research: Tax Allowances remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to the Budget 2018, if he will publish the PAYE restrictions that will be placed on R&D tax allowances for small and medium businesses. more like this
tabling member constituency Newcastle upon Tyne Central more like this
tabling member printed
Chi Onwurah more like this
uin 185079 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-01more like thismore than 2018-11-01
answer text <p>As announced at Budget 2018, Finance Bill 2019-20 will introduce a limit on the amount of payable tax credit that can be claimed by a company under the R&amp;D SME tax relief. The limit will be set at three times the company’s total PAYE and National Insurance contribution (NICs) payment for the period. The change will have effect for accounting periods beginning on or after 1 April 2020. Any loss that a company cannot surrender for a payable credit can be carried forward and used against future profits. The government will also consult on how the cap will be applied, to minimise any impact on genuine UK businesses.</p><p> </p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride remove filter
question first answered
less than 2018-11-01T17:34:52.417Zmore like thismore than 2018-11-01T17:34:52.417Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4124
label Biography information for Chi Onwurah more like this
892287
registered interest false remove filter
date less than 2018-04-26more like thismore than 2018-04-26
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Research: Tax Allowances remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, with reference to RD5 on page 29 of the Research and Development Tax Credits Statistics report, published in September 2017, whether HMRC is able to provide a supplementary table that breaks down the regional adoption of the tax relief by parliamentary constituency. more like this
tabling member constituency Brentford and Isleworth more like this
tabling member printed
Ruth Cadbury more like this
uin 138487 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-05-03more like thismore than 2018-05-03
answer text <p>The information requested is not readily available and could be provided only at disproportionate cost.</p><p> </p><p>A supplementary table showing the breakdown by county/unitary authority is available here:</p><p><a href="https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit" target="_blank">https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit</a></p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride remove filter
question first answered
less than 2018-05-03T14:13:02.95Zmore like thismore than 2018-05-03T14:13:02.95Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4389
label Biography information for Ruth Cadbury more like this
860692
registered interest false remove filter
date less than 2018-03-12more like thismore than 2018-03-12
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Research: Tax Allowances remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, how many (a) small and (b) large firms have claimed research and development tax relief in each year since 2010. more like this
tabling member constituency North Swindon more like this
tabling member printed
Justin Tomlinson more like this
uin 132049 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-03-20more like thismore than 2018-03-20
answer text <p>HMRC publishes reports on the number of claims for Research and Development (R&amp;D) tax relief by small and medium-sized enterprises (SMEs) and large companies. Information for the period 2010-11 to 2015-16 can be found in Table RD1 here:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit" target="_blank">https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit</a></p><p> </p><p>Information for the period 2016-17 will be published in Autumn 2018.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride remove filter
question first answered
less than 2018-03-20T15:37:39.17Zmore like thismore than 2018-03-20T15:37:39.17Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4105
label Biography information for Justin Tomlinson more like this
850811
registered interest false remove filter
date less than 2018-02-27more like thismore than 2018-02-27
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Research: Tax Allowances remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, how many people received relief on payments to relevant scientific research associations in (a) 2015-16, (b) 2016-17 and (c) 2017-18. more like this
tabling member constituency Bootle more like this
tabling member printed
Peter Dowd more like this
uin 130040 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-03-07more like thismore than 2018-03-07
answer text <p>HMRC publishes information on the cost of tax relief on payments to relevant scientific research associations here:</p><p><a href="https://www.gov.uk/government/statistics/minor-tax-expenditures-and-structural-reliefs" target="_blank">https://www.gov.uk/government/statistics/minor-tax-expenditures-and-structural-reliefs</a></p><p> </p><p>The estimates for this tax relief are based on the Corporation Tax data of relevant scientific research associations. According to the latest information available, 2016/17, the number of scientific research associations for the purposes of CT was fewer than 100. This number has been relatively stable in recent years.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride remove filter
question first answered
less than 2018-03-07T16:28:08.627Zmore like thismore than 2018-03-07T16:28:08.627Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4397
label Biography information for Peter Dowd more like this
838021
registered interest false remove filter
date less than 2018-02-06more like thismore than 2018-02-06
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Research: Tax Allowances remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, how many entities received relief from corporation tax on research and development credits in (a) 2015-16, (b) 2016-17 and (c) 2017-18. more like this
tabling member constituency Bootle more like this
tabling member printed
Peter Dowd more like this
uin 127050 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-02-20more like thismore than 2018-02-20
answer text <p>HMRC publishes reports on the number of companies claiming Corporation Tax relief on Research and Development. Information for the period 2015-16 can be found in Table RD1 here:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit" target="_blank">https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit</a></p><p> </p><p>Information for the period 2016-17 will be published in Autumn 2018 whilst information for 2017-18 will not be available until 2019.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride remove filter
question first answered
less than 2018-02-20T08:44:07.233Zmore like thismore than 2018-02-20T08:44:07.233Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4397
label Biography information for Peter Dowd more like this
818711
registered interest false remove filter
date less than 2018-01-08more like thismore than 2018-01-08
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Research: Tax Allowances remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, Energy and Industrial Strategy, how many businesses have been supported by R&D tax relief in each NUTS 1 region in each year since 2006-07. more like this
tabling member constituency Kingston upon Hull North more like this
tabling member printed
Diana Johnson more like this
uin 121475 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-15more like thismore than 2018-01-15
answer text <p>HMRC publishes annual statistics on R&amp;D tax relief here:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit" target="_blank">https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit</a></p><p> </p><p>Table RD5 shows the number of R&amp;D tax credit claims made by companies registered in each NUTS1 region. Data for 2013-14, 2014-15 and 2015-16 are available at the above link.</p><p> </p><p> </p><p> </p><p>Data for previous years back to 2010-11 can be found in the National Archives:</p><p> </p><p>2012-13</p><p><a href="http://webarchive.nationalarchives.gov.uk/20150131064316/https:/www.gov.uk/government/collections/corporate-tax-research-and-development-tax-credit" target="_blank">http://webarchive.nationalarchives.gov.uk/20150131064316/https://www.gov.uk/government/collections/corporate-tax-research-and-development-tax-credit</a></p><p> </p><p>2011-12</p><p><a href="http://webarchive.nationalarchives.gov.uk/20140206152752/http:/www.hmrc.gov.uk/statistics/research-tc.htm" target="_blank">http://webarchive.nationalarchives.gov.uk/20140206152752/http://www.hmrc.gov.uk/statistics/research-tc.htm</a></p><p> </p><p>2010-11</p><p><a href="http://webarchive.nationalarchives.gov.uk/20130102193237/http:/www.hmrc.gov.uk/statistics/research-tc.htm" target="_blank">http://webarchive.nationalarchives.gov.uk/20130102193237/http://www.hmrc.gov.uk/statistics/research-tc.htm</a></p><p> </p><p>The regional split is based on the company’s registered office address, which may not be where the R&amp;D activity takes place. Companies may make more than one claim in the same year. These data should therefore be interpreted with caution.</p>
answering member constituency Central Devon more like this
answering member printed Mel Stride remove filter
question first answered
less than 2018-01-15T15:52:58.577Zmore like thismore than 2018-01-15T15:52:58.577Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
1533
label Biography information for Dame Diana Johnson more like this