Sherlock to tighten R&D guidelines

Minister of State for Innovation Sean Sherlock anticipates that the Research and Development (R&D) tax credit scheme will be retained in the budget.

14th September, 2013
Sean Sherlock, Minister of State for Innovation: `benefits to state from R&D reliefs are significant'.

Minister of State for Innovation Sean Sherlock anticipates that the Research and Development (R&D) tax credit scheme will be retained in the budget, but that the guidelines would be tightened up to ensure "there is no ambiguity".

Sherlock said that the benefits to the state from R&D reliefs were significant, in terms of innovation and job creation, while companies that invested in R&D had proved the most resilient during the downturn....

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