....It concluded – despite vehement denials from the Treasury – that “HMRC and HM Treasury often show a worrying lack of curiosity about the cost of tax reliefs”. For instance, the costs of research and development
tax relief increased from around £100m in 2001 to more than £1bn in 2011-12, “while the actual amount of business expenditure on R&D has stayed more or less the same”, the PAC said. ...
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Sunday 20th of August 2017 06:00:35 AM