To ask the Chancellor of the Exchequer, what assessment he has made of the impact on the revenues of Amazon Web Services of the changes to research and development tax credits to include cloud services announced in the Autumn Budget and Spending Review 2021.
29 November 2021
At Autumn Budget 2021, the Chancellor announced reforms to Research and Development tax reliefs to support modern research methods. Expenditure on data and cloud costs will qualify for tax relief. Further details will be announced at Tax Administration and Maintenance Day on 30 November 2021.