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75%

of SMEs claim worth <£50,000

28%

of all SME relief goes to ICT companies

185%

increase in uptake of RDEC since it was introduced

HMRC R&D tax credits statistics 2018

View HMRC R&D tax credits statistics 2017 >

The latest HMRC R&D tax credit statistics re-assert the value of these vital tax incentives to innovative companies. The statistics also begin to demonstrate some new trends – as well as continuing some others from previous years which will be encouraging to SMEs and large companies alike. There is a growing awareness and uptake of the R&D tax credit incentives, and the average claim value continues to rise.

Key findings:

  • The number of claims submitted to HMRC in the last year has more than doubled.
  • For SMEs, the average claim value for 2016-17 is £53,876.
  • The number of SMEs making a claim has more than doubled since 2013-14. 
  • 75% of SMEs are making a claim worth less than £50,000. 
  • The average RDEC claim for 2016-17 is worth £272,881.
  • A massive 5,900 RDEC claims were submitted in 2016-17, representing a 185% increase since its introduction. 
  • This is further shown by the fact there are now more SMEs claiming via RDEC than there are large companies.

 

It is important to note that the statistics for 2016-17 are not yet complete. This is because returns for this period can still be submitted past the publication date. As a result we expect this data to be revised next year, and so the following figures should be viewed as provisional.

75%

of SMEs claim worth <£50,000

28%

of all SME relief goes to ICT companies

185%

increase in uptake of RDEC since it was introduced

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