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Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Wednesday, 30 March 2011. It occurred during Ministerial statement on The Budget.

The Budget

I am grateful for that question and for the welcome for the Budget. My hon. Friend will know that in last year’s Budget, we announced a reduction in small companies corporation tax rate. There are other measures in this year’s Budget that I think will be welcomed by small businesses, such as the extension of the research and development tax credit regime for small firms, taking it from the current rate to 200% and then to 225%. I hope that that will give small firms additional incentives to engage in R and D activities, which will help them to develop their businesses.

Secondary information

Type
Proceeding contribution
Reference
WGC c8 
Session
2010-12
Chamber / Committee
House of Commons Grand Committees
Subjects
Corporation tax Credit Income tax Excise duties Fuels Government assistance Economic policy Manufacturing industries Public expenditure Small businesses Wales Tax allowances Tax rates and bands Welsh Government Enterprise zones Budget March 2011
Link
View this Proceeding contribution on www.publications.parliament.uk