Consultation response: letter from Dame Sue Ion DBE FREng FRS, Chair, Science, Industry and Translation Committee to The Rt Hon Steve Barclay MP, Chief Secretary to the Treasury in regard to the HMT and HMRC consultation on the scope of qualifying expenditures for R&D Tax Credits

Dame Sue Ion, Chair of the Society’s Science, Industry and Translation Committee has written to the Chief Secretary to the Treasury to highlight the importance of reviewing the scope of R&D tax credits to reflect current research practices. She highlights that this should form part of a range of complementary financial reliefs that together effectively target the research that the UK wishes to incentivise.