Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of HMRC's Research and Development Tax relief reform changes on the number of UK SMEs submitting applications for tax relief.
HMRC has considered the impacts of these measures, and these are set out Tax Information and Impact Notes published alongside any announcements.
HMRC publishes annual statistics on the number of R&D tax relief claims received: https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit