Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the Government's timescale is for responding to the scope of qualifying expenditures for R&D Tax Credits consultation that closed on 13 October 2020.

The Government sought views from stakeholders on the scope of qualifying expenditures for R&D Tax Credits between 21 July and 14 October 2020. Officials are currently considering responses to the consultation and the Government will respond in due course.

The Government keeps all tax reliefs under review. When considering making any changes to tax reliefs, HM Treasury must ensure they provide support to businesses across the economy in a fair way and represent good value for money for the taxpayer.