Inland Revenue - Tax policy Tax Policy

News and information about the Government's tax policy work programme, including:
- proposed changes to the laws that Inland Revenue is responsible for
- updates on the progress of bills through Parliament
- policy announcements

R&D tax incentive proposals announced

19 April 2018

Research, Science and Innovation Minister Megan Woods and Revenue Minister Stuart Nash today launched public consultation on proposals for implementing a research and development tax incentive. The objective is to encourage businesses to invest more into research and development. The discussion document seeks public feedback on:

– which types of businesses, R&D activities and expenditure should be eligible;

– the minimum R&D expenditure threshold;

– the maximum cap on R&D expenditure; and

– accountability measures.

Consultation closes on 1 June.