HMRC R&D tax credits statistics 2018 – our commentary

The government is giving more of a boost than ever before to the UK’s most innovative companies, according to the latest statistics. HMRC has provided information on the number of companies claiming research and development (R&D) tax credits and the value of claims for the year 2016-17 so far. There is still time to make a claim, if you think you might qualify contact one of our specialist advisors.


Key points to show the value of this opportunity to innovative business in the UK

Source HMRC R&D tax credits statistics 2018


Claims since the schemes began

Claims in the tax year
2016-17 so far


These sectors continued to have the greatest volume of claims, making up a total of 71% of claims and 75% of the total amount claimed

R&D claims are concentrated in companies with a registered office in London, the South East or the East of England 45% of all claims and 60% of the total amount claimed

Updates to 2015-16
– compared to previous year


Due to the nature of the scheme, returns for the latest financial year reported (2016-17) can still be submitted past the cut-off date for the publication of these figures. As a result data for 2016-17 is not yet complete. To avoid misleading comparisons between years HMRC have compared the years 2015-16 to 2014-15 in their publication when discussing change between years, and 2016-17 when discussing in-year characteristics.

To date £21.4bn in tax relief has been claimed through these schemes.

Don’t miss out. You have nothing to lose by contacting us. But a lot to gain.


Comments from our CEO, Luke Hamm

Innovation statistics: the government could do better says GovGrant

The Chancellor has announced that Budget day 2018, one of the busiest news days in the financial calendar, will be earlier than expected, on 29 October. Expect a flurry of pre-Budget speculation during October, ...

read more

New government tax stats boost innovative UK businesses

The government is giving more of a boost than ever before to the UK’s most innovative companies, according to the latest full-year statistics from HMRC. Figures released yesterday showed: More than 43,000 ...

read more

Dealing with a HMRC enquiry and building a robust claim

Innovation keeps the UK at the forefront of today’s ever-changing world and one step ahead of global competition. But it is a costly business and the Government recognises that through its Research and Development...

read more