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UK risks losing spot as most generous R&D tax relief country


Planned cuts to R&D tax credits means UK could lose top OECD spot, warns firm

The UK risks losing its position as the most generous OECD country for R&D tax credits to France if planned cuts to the popular form of tax relief go ahead, a report has warned.

Chancellor Jeremy Hunt announced his intention to cut the deduction rate for small and medium-sized enterprises (SMEs) at last year’s autumn statement, sparking a backlash from the R&D business community.

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