Response to HM Treasury Consultation on R&D Tax Relief

Our broad view is that tax credits are useful as part of a broader mix of policies
to make the UK economy more competitive. Ensuring that the UK is in line with the
most competitive countries in each policy area is key to ensuring that when
companies make decisions about investment the UK is more likely to emerge as the
favoured destination. Companies will consider a range of different factors and will
each attach different value to individual points so maximising the number on which
the UK outperforms makes sense.

In this consultation response on R&D Tax Relief we provide answers to those questions where we can provide input.