Facts About R&D Tax Credits

85% of R&D Claims are from Small and Medium Sized Businesses

Tax Credits contribute up to £8.2bn to the UK economy

75% of SMEs claim over £50,000

The number of claims doubled in 2018 over 2017

The average SME claim was £53,876

HMRC paid out £3.5 billion in 2016-17

Since Launch

Over 240,000 claims have been made and £21.4 billion in tax relief claimed.

The UK ranks seventh among OECD and partner economies in terms of total government support to business R&D as a percentage of GDP, equivalent to 0.25% of GDP in 2015.

The UK ranks 11th of all EU countries’ R&D expenditure as a percentage of GDP.

From 2006-2015, total gov support for BERD as % of GDP increased in the UK by 0.13 percentage points, while the OECD media increased by 0.02.

R&D Tax claims by UK region in 2018

London

Scotland

North East

North West

East Midlands

West Midlands

East

South East

South West

Wales

Yorkshire

London

Scotland

North West

North East

East Midlands

West Midlands

East

South East

South West

Wales

Yorkshire

R&D Tax claims by UK sector in 2018

Manufacturing

Construction

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