At Spring Budget 2023 the Government announced a new permanent rate of relief for the most R&D intensive loss-making small and medium sized enterprises (SMEs). The Government also announced at Autumn Statement 2023 the merging of the current SME and RDEC (Research and Development Expenditure Credit) tax relief schemes from April 2024, simplifying the system and providing greater support for UK companies to drive innovation. Changes were also made reducing the intensity threshold in the R&D intensives scheme from April 2024, allowing around 5,000 extra SMEs to qualify for an enhanced rate of relief.<\/p>
<\/p>
From 8th<\/sup> August 2023 it became mandatory to provide detailed information upfront before submitting an R&D claim, supporting claimants in getting their tax right and reducing the need for HMRC to ask for further information to check claims.<\/p> <\/p> HMRC also continues to promote the Advanced Assurance scheme to eligible SMEs (eligibility includes companies with a turnover of below £2 million and less than 50 employees) applying for R&D tax relief for the first time, to give certainty and assure compliance with the R&D tax regime.<\/p> <\/p>"}
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], "questionText" : "To ask the Chancellor of the Exchequer, if he will take steps to reduce the (a) time taken and (b) administrative burden for small- and medium-sized businesses to make research and development tax credit claims.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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, {"_about" : "http://data.parliament.uk/resources/757806", "AnsweringBody" : [{"_value" : "Department for Transport"}
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], "questionText" : "To ask the Secretary of State for Transport, what the cost was of managing the Dartford River Crossing in the last financial year; and what income was received from (a) user charges and (b) penalty notices related to that crossing.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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], "answer" : {"_about" : "http://data.parliament.uk/resources/416312/answer", "answerText" : {"_value" : " This Department has regular and frequent discussions with businesses of all sizes and across all sectors on a wide range of issues including the National Minimum Wage (NMW). In addition, the Low Pay Commission (LPC) will continue to play a key role in recommending the NMW and National Living Wage (NLW) rates going forward. In their report to Government the LPC consults widely and considers and reflects the views and representations from a wide range of businesses and sectors of the economy.<\/p>"}
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, "date" : {"_value" : "2015-09-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Minimum Wage: Small Businesses"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, what representations have been made to his Department on the effect of the increase in minimum wage on small businesses.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3910", "label" : {"_value" : "Biography information for Guto Bebb"}
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