To ask the Chancellor of the Exchequer, what steps he is taking to ensure that the system of research and development tax reliefs provides support for research that uses and develops new approach methodologies including the use of (a) human cells and tissues, (b) artificial intelligence and (c) organ-on-a-chip technology.
Answered on
20 October 2021
Research and Development (R&D) tax reliefs support companies carrying out projects which seek to make advances in science or technology through the resolution of scientific or technological uncertainty.
At Spring Budget 2021, the Government launched a wide-ranging review of R&D tax reliefs, which was supported by a consultation with stakeholders. The consultation also explored definitions, eligibility, and scope of the reliefs, to ensure they are up-to-date, competitive, and that they reflect how R&D activity is conducted now. The consultation ran from 3 March to 2 June 2021. The Government will respond in due course.