§ Mr. LawsTo ask the Chancellor of the Exchequer what his estimate is of the cost to public expenditure of each company tax credit for each year from 2003–04 to 2006–07; and if he will make a statement. [156765]
§ Dawn PrimaroloThe forecast costs for research and development tax credits, vaccines research relief and contaminated land tax credits are set out in the following table. The costs are on a receipts basis, showing when the costs are incurred by the Inland Revenue.
£ million 2003–04 2004–05 2005–06 2006–07 Research and Development Tax Credits 660 670 700 760 Vaccines Research Relief 10 20 20 20 Contaminated Land Tax Credits 70 80 80 90 Note: Figures are rounded to the nearest £10 million.
§ Mr. LawsTo ask the Chancellor of the Exchequer if he will list each tax credit available to companies; what assessment he has made of the economic benefit in each case; and if he will make a statement. [156766]
§ Dawn PrimaroloCompanies may be able to claim tax credits under the research and development tax credit schemes, vaccines research relief scheme or remediation of contaminated land scheme.
The Government plan to evaluate all of the impacts of these policies. However, because the policies are intended to produce benefits over the medium to longer term, it would be inappropriate to do so at present.