Proposals for tax credit revealed

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.


Government urged to review tax regime

Treasury R&D press release

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