HMRC R&D tax credit statistics 2017

Published last week, HMRC’s research and development (R&D) tax credits statistics are good news for innovative businesses, and good news for the UK economy. All of the statistics are moving in the right direction, with both total claims and the amount of relief up by 20%. The average claim value has increased for SMEs and for large companies, to £61,514 and £348,916 respectively.

There were no huge surprises, and the ‘manufacturing’, ‘information & communication’ and ‘professional, scientific & technical’ sectors continue to have the greatest volume of claims. R&D tax credit claims are concentrated in companies with a registered office in London and the South East, in terms of volume and value.

20%

increase in companies claiming R&D tax credits

20%

increase in total relief claimed

32%

of all relief goes to manufacturers

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