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R&D tax changes risk deterring business investment, Lords report warns

R&D tax changes risk deterring business investment, Lords report warns
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House of Lords reports on R&D reform

The Economic Affairs Finance Bill Sub-Committee report on draft clauses in the Finance Bill 2022–23 focused on the reforms to research and development (R&D) tax relief that apply from 1 April.

R&D tax relief reform isn t enough to prevent bogus claims, inquiry finds

Forthcoming R&D tax relief reforms are unlikely to succeed in preventing spurious claims due to a lack of resources and expertise

HMRC told to practise what it preaches as tax-avoidance evidence emerges

HMRC told to ‘practise what it preaches’ as tax-avoidance evidence emerges Parliamentary committee flags 15 occasions when department hired people using disguised remuneration schemes Lord Bridges PA 25 Jan 2021 Members of a House of Lords committee have called on HM Revenue and Customs to “constantly review” the business practices of its contractors after it emerged that 15 were known to have used a controversial tax-avoidance measure the department is cracking down on. Lord Bridges of Headley said the tax-collection agency needed to practise what it preached following a session of the upper chamber’s Economic Affairs Finance Bill Sub-Committee that heard HMRC knew people who worked for it had used so-called disguised remuneration schemes. 

Lords committee report: UK Government must keep working to tackle tax avoidance promoters

Lords committee report: UK Government must keep working to tackle tax avoidance promoters Verdict Staff December 22, 2020 (Last Updated January 7th, 2021 15:31) The UK government must ‘redouble’ its efforts to prevent the proliferation of new tax avoidance schemes, according to the UK’s House of Lords Economic Affairs finance Bill Sub-Committee’s report on the Government’s draft Finance Bill 2021, New powers for HMRC: fair and proportionate? Share Article The UK government must ‘redouble’ its efforts to prevent the proliferation of new tax avoidance schemes, according to the UK’s House of Lords Economic Affairs finance Bill Sub-Committee’s report on the Government’s draft Finance Bill 2021,

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