R&D statistics

HRMC releases R&D statistics New statistics from HMRC reveal that there have been 39,960 R&D tax credit claims for 2016-17, of which 34,060 are in the SME R&D scheme. In the same period, £3.5bn of R&D tax relief support has been claimed, corresponding to £24.9bn of R&D expenditure. A breakdown of the statistics show that R&D claims are concentrated in companies with a registered office in London, the East of England, or the South East. Between the launch of the R&D tax credit scheme in 2000/01, and 2016/17, over 240,000 claims have been made and £21.4bn in tax relief claimed.