R&D tax credits to increase in the Budget
R&D tax credits to increase in tomorrow's 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
credits
Crackdown on R&D tax relief driven by BE case