| Publisher | The Royal Academy of Engineering | ||
|---|---|---|---|
| Format | 135.4KB PDF, requires Acrobat Rdr 5 | Date added | 18 Jan 2002 |
| Topics | Performance Budgeting and Management, Financial Management | ||
| Downloads | 19 | ||
The Academy strongly welcomes the Government's decision to opt for a volume-based system of R&D tax credits for larger companies. It is important for policy-makers to understand the mechanisms by which companies determine their spend and manage their tax. The benefits of the R&D tax credits must be visible to those responsible for R&D decisions, in order to give them a clear incentive to increase their R&D spend.
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