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Businesses say No to PBR Slashing VAT and increasing National Insurance has left the nation's owner-managers decidely underwhelmed. Here SmallBusiness.co.uk gets their reaction to the pre-budget report.     Cash in on tax credits R&D tax credits are a tax relief based on your company’s investment in innovative technology. Research and development tax credits can either reduce your tax bill or, for some small to medium-sized companies, offer a cash sum.   How to reduce your tax bill ‘Over the years, successive governments have eroded most of the tax breaks and credits available to business,’ laments Ian Young of the tax faculty at the Institute of Chartered Accountants in England and Wales. ‘It’s a bit of an alien concept for HMRC to give away money.’ Nevertheless, there are steps business owners can take to reduce their tax burden.     Q&A: Company car tax Q: What is the company car tax situation where we operate a LLP? Is this the same as a partnership ie no company car tax? Or is it like a limited company where car tax is payable. Maybe it's different again? Please advise.   AIC’s tax-efficient take Proposals in fledgling Chancellor of the Exchequer Alistair Darling’s Pre-Budget Report have the potential to improve returns for investors in AIM-traded investment companies and enhance the attractions of venture capital trusts (VCTs) with AIM holdings.     Murray merger Plans have been published to merge the three Murray VCTs managed by Close Venture Management.   Published by Vitesse Media plc, 95 Aldwych, London WC2B 4JF 020-7430 9777 e-mail taxguide@growthcompany.co.uk