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Mr. Laws
To ask the Chancellor of the Exchequer what his estimate is of the cost of the research and development tax credit for each year from 1999–2000 to 2005–06; what assessment he has made of the additional research and development expenditure which has occurred because of this policy; and if he will make a statement. [130145]
Dawn Primarolo
Latest estimates of the cost, on an accruals basis, of the research and development tax credit for each year from 2000–01 to 2002–03 are available on the In land Revenue's website at http://www.inlandrevenue.gov.uk/stats/taxexpenditures/q_t06_1.htm.