R&D tax relief inquiry: tax representative bodies to give evidence to Finance Bill Sub-Committee
Friday 28 October 2022
On Monday 31 October the House of Lords Finance Bill Sub-Committee will be taking evidence from two panels of witnesses as part of its new inquiry on reforms to Research and Development (R&D) Tax Relief in the draft Finance Bill 2022-23.
At 4pm the Sub-Committee will take evidence from:
- Richard Jones, Technical Manager in Business Tax, Institute of Chartered Accountants England and Wales (ICAEW)
- David O'Keeffe, Chartered Institute of Taxation (CIOT)
- Charlotte Barbour, Institute of Chartered Accountants Scotland (ICAS).
At 4:45pm the Sub-Committee will take evidence from:
- Jason Piper, Association of Chartered Certified Accountants (ACCA)
- Emma Rawson, Association of Taxation Technicians (ATT)
- Adam Harper, Association of Taxation Technicians (ATT).
The meeting will be held in Committee Room 4 of the House of Lords. It will also be streamed live on Parliament TV.
Topics the Sub-Committee is likely to cover in these sessions include:
- The effectiveness of R&D relief in encouraging investment.
- Scope for simplifying R&D relief.
- Abuse of R&D relief.
- Likely effectiveness of the Government’s proposals in tackling the R&D relief abuse.
- Impact of the pause, earlier this year, in processing R&D claims.
- The new requirement to give advance notification of R&D claims.
- Helpfulness of HMRC and BEIS guidance in interpreting and applying R&D relief.
- R&D relief awareness levels among smaller businesses.
