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HMRC R&D tax credits statistics 2019 – 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 claimingresearch and development (R&D) tax credits and the value of claims for the year 2017-18 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 2019

Claims since the schemes began

£26.9bn in tax relief claimed since the scheme began

Updates to 2016-17 – compared to previous year

20% increase from previous year
22% increase from the previous year
14% increase from previous year
Due to the nature of the scheme, returns for the latest financial year reported (2017-18) can still be submitted past the cut-off date for the publication of these figures. As a result data for 2017-18 is not yet complete. To avoid misleading comparisons between years HMRC have compared the years 2016-17 to 2015-16 in their publication when discussing change between years, and 2017-18 when discussing in-year characteristics.

Claims in the tax year 2017-18 so far

These sectors continued to have the greatest volume of claims, making up a total of 68% of claims and 73% 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 46% of all claims and 61% of the total amount claimed.

These sectors continued to have the greatest volume of claims, making up a total of 68% of claims and 73% 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 46% of all claims and 61% of the total amount claimed.

To date £26.9bn in tax relief has been claimed through these schemes.

Source Advisors can help your business optimise the value of your R&D and identify commercial opportunities in your IP.

Comments from our CEO, Luke Hamm

See other years’ HMRC statistics

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