Announcing his Designs for Innovation proposals, the chancellor Gordon Brown yesterday provided details on three options for taking the credit forward.
The chancellor, said: ‘An R&D tax credit for large companies will play an important role in boosting business R&D expenditure. R&D tax credits provide businesses with an incentive to increase R&D spending, while leaving the decisions on individual projects in their own hands.’Options include a simple volume scheme in which the R&D tax credit is given at a single rate on all qualifying R&D expenditure, a two-tiered volume scheme and a baseline volume scheme.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states