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.

Reports, special reports and government responses

View all reports and responses
3rd Report - Research and development tax relief and expenditure credit
Inquiry Draft Finance Bill 2022-23
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HL Paper 137
Report
Response to this report
Letter from Victoria Atkins to Chair of the Finance Bill Sub-Committee: Government response to the Research and Development Tax Relief and Expenditure Credit report
Correspondence
Response to this report
Government response to the Research and Development Tax Relief and Expenditure Credit report
Government Response

Correspondence

View all correspondence
Letter from Victoria Atkins to Chair of the Finance Bill Sub-Committee: Government response to the Research and Development Tax Relief and Expenditure Credit report
Inquiry Draft Finance Bill 2022-23
Correspondence
Letter from Peter Downing, Deputy Director for Employment Status and Intermediaries Policy, HM Revenue and Customs to Lord Leigh of Hurley, Chair of the Economic Affairs Finance Bill Sub-Committee
Inquiry Draft Finance Bill 2022-23
Correspondence
Letter from Thomas Brown, Senior Policy Adviser, Business, Assets and International, HM Revenue and Customs to Lord Leigh of Hurley, Chair of the Economic Affairs Finance Bill Sub-Committee
Inquiry Draft Finance Bill 2022-23
Correspondence

Oral evidence transcripts

No oral evidence transcripts published.

Written evidence

No written evidence published.

Other publications

Government Responses
The Government has undertaken to respond to most committee reports within two months, although there are exceptions to this rule.
1 published
Declarations of interest
Members of the House of Lords must declare relevant interests in committee work.
1 published

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