02 June 2021
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The Royal Society has submitted evidence to the HM Treasury and HM Revenue & Customs R&D tax reliefs consultation. This recognises that more business-driven R&D is essential for achieving the Government’s ambition of investing at least 2.4% of GDP in R&D by 2027 and for the UK’s social and economic recovery following the COVID-19 pandemic. It highlights that R&D tax reliefs must form part of a suite of fiscal incentives to increase private investment in R&D and make the UK an attractive investment environment, driving as much additionality as possible.
Find out more about the Society's work on research and innovation.