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1136216
registered interest false more like this
date remove filter
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 Small Businesses: Corporation Tax more like this
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, what the value was of (a) R&D expenditure and (b) R&D tax credits as (i) payable credits and (ii) deductions to Corporation Tax for UK life science SMEs SIC codes (A) 21100, (B) 72110, (C) 72190 and (D) 86900 in each of the last five years. more like this
tabling member constituency Cambridge more like this
tabling member printed
Daniel Zeichner more like this
uin 272184 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2019-07-10
answer text <p>HMRC publish annual statistics on Research &amp; Development (R&amp;D) tax reliefs: <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>HMRC do not break down the statistics on R&amp;D tax relief claims into the detailed sub-codes mentioned in the question, and this information would only be available at disproportionate cost.</p><p> </p><p>Support for businesses through R&amp;D tax reliefs rose to £3.7 billion in 2015-16 (£1.8bn for the SME scheme and £1.9bn for the RDEC), up by almost a quarter from the previous year, supporting almost £29 billion of R&amp;D expenditure.</p><p> </p><p>Within the ‘Professional, scientific &amp; technical’ sector in 2015-16, there were 6,980 claims in the SME scheme worth £400m and SMEs also made 770 claims in the RDEC scheme worth £45m.</p><p> </p> more like this
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
question first answered
less than 2019-07-10T15:03:22.857Zmore like thismore than 2019-07-10T15:03:22.857Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
4382
label Biography information for Daniel Zeichner more like this