Research and Development Tax Credits are a tax relief designed to encourage greater Research and Development spending, leading in turn to greater investment in innovation. They work by reducing a company’s tax bill by an amount equal to a percentage of the company’s allowable Research and Development expenditure.
Addition of supplementary breakdowns by region and sector for financial years 2016 to 2017 and 2017 to 2018. Also includes an update to the main region and sector tables for financial year 2015 to 2016.
We have published the Research and Development Tax Credit statistics for 2019.
This publication includes new statistics for 2017 to 2018 as well as revisions to tax years 2014 to 2015, 2015 to 2016 and 2016 to 2017.
Addition of further Research and Development supplementary tables
Addition of Research and Development supplementary tables
Updated with statistics for the 2016 to 2017 tax year.
Experimental statistics released to provide a breakdown of Research and Development (R&D) tax credit claims for 2015-16, by county/unitary authority and Industrial Sector.