Committees

Draft Finance Bill 2022-23

Inquiry

The Finance Bill Sub-Committee is appointed annually by the Economic Affairs Committee to consider the draft Finance Bill from a tax administration, clarification, and simplification point of view.

The Research and Development (R&D) Tax Relief reforms, published by the Government in the draft Finance Bill 2022-23, aims to incentivise business investment, extend the scope of qualifying expenditures to include the costs of datasets and cloud computing, and increase R&D activity in the UK.

The Sub-Committee is seeking to understand how the provisions in the tax measure will impact companies claiming R&D relief and is particularly interested in hearing about the experiences of SMEs.

This inquiry is no longer accepting evidence

The deadline for submissions was Wednesday 2 November 2022.

Work news

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Lords Committee publishes report on research and development tax relief and expenditure credit
The Economics Affairs Finance Bill Sub-Committee has published its report, Research and development tax relief and expenditure credit.
31 January 2023
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Research and Development Tax Relief to be explored by Lords Finance Bill Sub-Committee
Call for evidence launched for Finance Bill Sub-Committee inquiry into the draft Finance Bill 2022-23
14 October 2022
Total results 2 (page 1 of 1)

Contact us

  • Email: financebill@parliament.uk
  • Phone: 020 7219 6225 (committee staff) | 020 7219 6640 (Press Officer)
  • Address: Economic Affairs Finance Bill Sub-Committee, House of Lords, London SW1A 0PW