R&D Tax Credit Exposure Draft Commentary

MJA's managing director, Kris Gale, has labelled the proposed R&D Tax Credit 'overreaching and restrictive' in a recent article on the ARN website. In the article entitled "Firestorm of criticism against Government R&D changes", MJA's Gale says

"If these changes go through, this will be the worst environment for Government support for R&D in this country for the past 25 years."

"The double whammy is a much tighter definition of what R&D is - whenever that R&D generates a commercial return, you are penalised and lose the credit completely."

Gale hopes the Government's proposal would be squashed due to mounting anger and scepticism from a range of businesses and organisations.

To read the article in full go to the ARN website.

Further information on the proposed R&D Tax Credit and MJA's submission to the consultation process can be found on the MJA website.