Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to publish the application process for the new research and development tax credits for the mathematical sciences announced in March 2022.

Following consultation, the Government announced at Spring Statement 2022 that it would change the definition of research and development (R&D) for the R&D tax reliefs, to remove the exclusion of pure mathematics. Expenditure on mathematics will therefore be able to qualify for the R&D expenditure credit (RDEC) and the SME R&D relief, where it meets the other rules for these tax reliefs.

Claims to R&D relief are made by a company through its corporation tax return.

HMRC will publish draft guidance in advance of the change and will invite comments on this. HMRC will also engage with business representative bodies to ensure they are aware of the changes.