Subscribe to our newsletter

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.

R&D tax credit claims up 20%
smsfadviser logo
  • Shared by Accountancy Daily
  • October 15, 2019
share this article

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.

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles