R&D tax credits to increase in the Budget

R&D tax credits will increase significantly in tomorrow’s Budget.

Chancellor Gordon Brown is expected to announce an increase in tax credits
during tomorrow’s Budget, according to the FT .

The move would distance the government from the Tory-commissioned tax reform
report published last year, which suggested scrapping R&D tax credits to
help pay for a reduction in corporation tax.

Further reading:

Government to press on with plans for R&D tax

Crackdown on R&D tax relief driven by BE case

The missing ingredient

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