Manufacturing sector calls for tax reform to boost R&D investment

摘要

A new report argues that the net cost to the Exchequer of reforming R&D tax credits would be more than offset through increased R&D investment, job creation and company profit. Reforms to R&D tax credits could drive an increase in R&D investment in the UK and boost job creation, according to an independent report published this month. On the back of the report, EEF and SMMT are calling on government to create a truly internationally competitive R&D tax credit regime, by strengthening the link between the credit and R&D investment decisions, removing the link with corporation tax in favour of an 'above the line' credit.