HMRC’s Spending Review 2021 settlement will see its spending, excluding that ringfenced for COVID-19, increase to £5.2bn per year by 2024/25. ICAEW’s Tax Faculty explains how HMRC might prioritise the £0.9bn funding increase on its 2019/20 settlement.
Rishi Sunak announces government plans to incentivise private sector investment in research and development, attract global talent and boost the UK’s skills base, as well as other initiatives aimed at positioning the UK as ‘a science and technology superpower’.
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