questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of research and development tax relief reforms on (a) startups and (b) scale-ups in the (i) deep tech sector and (ii) other sectors.
answerText: In Autumn 2023, a review of the R&amp;D tax credit system concluded. As part of this review, the previous Government extended the scope of the reliefs to include data and cloud costs, merged the RDEC and SME scheme, and introduced the Enhanced Support for...
heading: Research and Development Expenditure Credit: New Businesses