Dealing with HMRC – policy paper

Corporation Tax: research and development tax credits - consumables

This Tax Information and Impact Note is about research and development tax credits.



Research and development tax credits are a key element in the government’s commitment to an internationally competitive tax system and in its objective for strong and sustainable private sector-led growth. This measure ensures that they remain well targeted in incentivising research and development investment and that there is a level playing field between companies benefiting from research and development tax credits.