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Research And Development Tax Credit

Volume 410: debated on Friday 19 September 2003

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To ask the Chancellor of the Exchequer what estimate he has made of the cost arising from cash repayments and enhanced deductions of the research and development tax credit in 2000–01. [131042]

[holding answer 18 September 2003]: For companies claiming the R&D tax credit for small or medium-sized companies in 2000–01, the cost to the Exchequer was £75 million.