Boris to increase R&D incentives, Jeremy to largely abolish
Boris Johnson has proposed to increase the R&D Expenditure Credit (RDEC) for large companies from 12% to 13%. This is just one of many tax breaks to woo business and is a welcome and positive indicator that the UK would continue to attract and reward innovation. By comparison, Labour has proposed the phasing down and eventual abolition of R&D tax credits other than for SME firms younger than seven years old, and the phasing down and abolition of the patent
Angela Browning
25 November 2019