§ Mr. Stephen O'BrienTo ask the Secretary of State for Trade and Industry what new(a) products, (b) services and (c) processes have been developed by firms benefiting from the introduction of research and development tax credits in each year since their introduction. [148183]
§ Dawn PrimaroloI have been asked to reply.
This information is not available. Companies are not required to agree specific products or processes in advance with the Inland Revenue in order to claim research and development tax credits. So far there have been 8,000 claims and over 6,000 companies have benefited from research and development tax credits.
§ Mr. Stephen O'BrienTo ask the Secretary of State for Trade and Industry how much money has been spent on research and development tax credits in each quarter since their introduction. [148184]
§ Dawn PrimaroloI have been asked to reply.
The available data on the cost of the research and development tax credits provided to SMEs, by quarter, are set out as follows. The costs are on a receipts basis, showing when the cost has been incurred by the Inland Revenue, we expect costs in the latest quarters to increase as further claims are received. Information on claims from large companies is not yet available.
1043W
£ 2000 Q2 6,297 Q3 747 Q4 align="right"73,685 2001 Q1 913,963 Q2 5,087,103 Q3 12,857,568 Q4 23,443,820 2002 Q1 29,210,686 Q2 44,627,755 Q3 47,382,286 Q4 66,392,398 2003 Q1 75,042,704 Q2 69,326,644 Q3 67,097,095
§ Mr. Stephen O'BrienTo ask the Secretary of State for Trade and Industry how many companies have benefited from research and development tax credits in each quarter since their introduction. [148185]
§ Dawn PrimaroloI have been asked to reply.
We do not have figures for the number of companies that have claimed the research and development tax credit by quarter, although we had over 8,000 individual claims and over 6,000 individual companies have benefited since the tax credits were introduced. The available figures for the number of claims received from SME's so far for research and development tax credits, by quarter, are set out as follows. Information on claims from large companies is not yet available. Claims are made by companies retrospectively and therefore we expect the number of claims in later quarters to increase further as more claims as received.
Number 2000 Q2 185 Q3 271 Q4 644 2001 Q1 668 Q2 530 Q3 589 Q4 1,219 2002 Q1 936 Q2 767 Q3 766 Q4 1,195 2003 Q1 434 Q2 143 Q3 27