Chris Sanger looks at what incentives are used in other countries and argues that the Corporation Tax Roadmap is the place for the Government to set out a clear path
As the Autumn Statement approaches many tax professionals will be looking forward to some clarity on the UK’s approach to incentivising innovation and the role that the tax system will play. Originally targeted for abolition by Lord Forsyth of Drumlean in the Conservative Party’s Tax Reform Commission the Research and Development (R&D) tax credit appeared to get a reprieve albeit with some refocusing in Lord Dyson’s review entitled ‘Ingenious Britain’ released in March this year.
Of course R&D Tax Credits are only part of the innovation story. Also expected is an update on the Coalition’s approach to the so-called ‘Patent Box’. This proposal was announced by the previous Government and the expense included...
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Chris Sanger looks at what incentives are used in other countries and argues that the Corporation Tax Roadmap is the place for the Government to set out a clear path
As the Autumn Statement approaches many tax professionals will be looking forward to some clarity on the UK’s approach to incentivising innovation and the role that the tax system will play. Originally targeted for abolition by Lord Forsyth of Drumlean in the Conservative Party’s Tax Reform Commission the Research and Development (R&D) tax credit appeared to get a reprieve albeit with some refocusing in Lord Dyson’s review entitled ‘Ingenious Britain’ released in March this year.
Of course R&D Tax Credits are only part of the innovation story. Also expected is an update on the Coalition’s approach to the so-called ‘Patent Box’. This proposal was announced by the previous Government and the expense included...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
