Schedule 31 - Tax relief for expenditure on research and development
Finance Bill
7:30 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
I thank the Paymaster General for her response. I am simply proposing that the position stays as it is, ignoring the 20 per cent. and rounding the 80 per cent. up. I understand the issues. I do not want to go back down the track, as in the picture painted by the hon. Member for Yeovil, but there is a problem, particularly for small companies. In trying to make the system fair and effective, the more complex we make it the greater the possibility that it will not work and will not be used.