Summary of HMRC R&D Tax Credits Statistics (2015-2016)
Here is a short video summary of the key findings from HMRC's annual report on Research and Development Tax Credits dated September 2017:
The statistics relate to the 2015-2016 year and show a promising uptick in claims for R&D tax relief from previous years. This is no doubt due to an increasing awareness by first time claimant companies plus repeat claims by those companies already claiming.
Key findings from the HMRC R&D Tax Credit Statistics (2017):
These figures are encouraging but there is still further to go before all of the companies that could claim - do claim. From our experience, the cashflow benefits of R&D tax claims can be significant to a company and therefore it is important that all companies give this tax relief some detailed consideration.
You can access the full HMRC analyses and documents here.