'Above the line' credit for research and development - CIOT comments
The CIOT comments, sent to HMRC on 27 June 2012, on proposals for implementing an 'above the line' research and development (R&D) tax credit, which will be more effective in supporting innovation in large companies. The Government’s aim is to do this in a way that is consistent with fiscal sustainability, simplicity and ease of administration within the tax system.
Our submission and the consultation document are available in Adobe (pdf) format.
27 June 2012