Seema Malhotra – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Seema Malhotra on 2016-02-03.

To ask Mr Chancellor of the Exchequer, what the (a) primary and (b) secondary policy purposes are of income tax and corporation tax relief on payments to relevant scientific research associations.

Mr David Gauke

This is a longstanding tax relief which ensures that business payments made to scientific research associations which carry out research relevant to the business can be taken into account in calculating taxable profits.