The statistics published by HMRC for 2021-22 are provisional and have been uplifted to include estimates for claims not yet received.
We find qualifying R&D when businesses innovate to integrate mobile technologies and operating platforms. This often involves resolving conflicts within hardware or software, where there is a documented absence of a known solution. Businesses often have to create new encryption or security techniques that don’t follow established methodologies.
This sector includes the following types of business.
Yes, administration and support companies can claim under either scheme depending on their size and other deciding factors. Of the R&D tax relief claims made in 2021-22 so far, 89% of them were under the SME scheme equating to 59% of the value claimed.
Yes, administration and support companies that have already claimed R&D tax credits might find that they could claim even more by applying for the Patent Box scheme. In 2021-22, so far, only 70 companies elected into Patent Box.