Insight > HMRC statistics > HMRC R&D tax credits statistics 2021
HMRC R&D tax credits statistics 2021 – our commentary
HMRC has provided information on the number of companies claiming research and development (R&D) tax credits and the value of projected claims for the year 2019-20. 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
Claims since the schemes began
Projected R&D claims 2019-2020 compared to previous year
Companies have a period of one year to submit returns after the end of the accounting period and another year to amend or withdraw a claim. The statistics published here for 2019-20 are provisional and have been uplifted to include estimates for claims not yet received. Revisions are expected in next year’s publication.
Claims in the tax year 2019-20 projected
The Manufacturing, Professional, Scientific and Technical, and Information and Communication sectors continued to have the greatest volume of claims, making up a total of 64% of claims and 69% 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 44% of all claims and 60% of the total amount claimed.
To date £41.6bn 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.
Regional analysis of the projected number and value of R&D tax credit claims under the SME scheme, 2019-20
Based on government office region
Firms registered in London
Number of claims
Amount claimed £(m)
Average claim value for SMEs
London
Regional allocation is based on the postcode of the company’s registered address, which might not correspond to where the R&D activity takes place, so caution must be exercised when interpreting these figures. Figures exclude claims where region is not known. Numbers are rounded to the nearest 5 and amounts are rounded to the nearest £5m.
Industry sector analysis of projected number and value of R&D tax credit claims under the SME scheme, 2019 -20
Information & Communication
Manufacturing
Professional, Scientific & Technical
Wholesale & Retail Trade, Repairs
Admin & Support Services
Construction
Other services activities
Financial & Insurance
Health & Social Work
Arts, Entertainment & Recreation
Agriculture, Forestry, Fishing
Education
Transport & Storage
Accommodation & Food
Water, Sewerage and Waste
Real Estate
Electricity, Gas, Steam and Air Conditioning
Information & Communication
Number of claims
Amount claimed £(m)
Average claim value for
Information & Communication
This coding might not correspond to the industry sector of the R&D activity, so caution must be exercised when interpreting these figures. Figures exclude claims where industry sector is not known. Numbers are rounded to the nearest 5 and amounts are rounded to the nearest £5m. Where the number of claims is less than 5, or the value of claims is less than £5m we have excluded that sector from our results. This is the case for the Mining & Quarrying and Public Administration, Defence and Social Services sectors.
