R&D tax credit claims up 20%
There has been a 20% increase in the total number of claims for R&D tax credits, according to the latest HMRC figures, primarily driven by a rise in the number of SME claims, with the department forced to add extra resource to meet the demand.
HMRC statistics show that in 2016-17 the number of claims for R&D tax credits rose to 52,335, of which 45,045 related to SMEs, an increase of 22% from 2015-16.
Read more at the Accountancy Daily.
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