Schedule 12 - Tax relief for expenditure on research and development

Part of Finance Bill – in a Public Bill Committee at 6:15 pm on 21st May 2002.

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Photo of Mr Howard Flight Mr Howard Flight Conservative, Arundel and South Downs 6:15 pm, 21st May 2002

I am very glad to hear the Paymaster General's comments. She will find that the take-up has been extremely disappointing, and that there is something in the issue of complexity. However, I do not want to bang on about the matter. If my claim is substantiated, I am glad to hear that the Government will want to consider simplification. The amendments simply sought to offer a short cut to simplification, but the matter has had a valuable airing. They were probing amendments, and one or two interesting facts have come out of the discussion. I beg to ask leave to withdraw the amendment.

Amendment, by leave, withdrawn.