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HMRC R&D tax credit statistics 2020 - All you need to know

This year has changed everything – and HMRC’s annual R&D stats release can’t help but resemble a relic from the distant past. Interesting to look at, sure, but ultimately an anachronism in our pandemic era.

ForrestBrown has no problem reading the tea leaves and extracting the key points nestled in the data. But what used to be a worthwhile endeavour is increasingly at odds with the enormous challenges before us.

68,195

businesses funded through R&D tax credits in 2018-2019

41%

of large company RDEC claims are worth less than £50k

64%

disparity in R&D spend between HMRC stats and ONS data

Benchmark your claim against your peers

To ensure you’re receiving the full value on your R&D tax credit claim, speak to our team of chartered tax advisers, sector specialists and former HMRC inspectors.

We can prepare your R&D tax credit claim end-to-end, or if you’re looking for assistance on a specific aspect of a claim you’ve started elsewhere, our tax advisory practice offers  flexible, specialist advice adapted to your needs.

HMRC stats - talk to us to benchmark