Budget 2017- PwC comments on R&D tax credits red-tapereduction - boost for financial sector's cyber security efforts?

Published at 15:17 PM on 08 March 2017

Commenting on the Chancellor’s efforts to reduce paperwork when claiming R&D tax credits,

Peter Maybrey, financial services tax partner at PwC said:

“The Chancellor’s moves to cut red tape for claiming R&D tax credits is a shot in the arm for the financial sector.

“Substantial investment and innovation in systems will need to continue to support increasing customer service, compliance with new regulations and companies’ efforts to shore up cyber security.

“Simplifying access to R&D tax credits should support this work.”

 

ENDS

 

For full Budget coverage please visit pwc.co.uk/budget

 


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