London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

R&D   tax relief claims still increasing

HMRC’s recent statistics show a 12% increase (year on year) in the number of claims for research and development (R&D) tax reliefs in 2014/15 and the level of support provided increasing by 38%.

Companies submitted 22,445 claims in 2014/15,up from 20,000 in 2013-14.  This increase was primarily driven by a rise in the number of SME claims, which totalled 18,630 in 2014/15 ( up from 16,005 in 2013/14).  The number of claims is different from the number of returns (21,525) as a return can include more than one claim, eg, under different aspects of the relief.

The cost of support for the SME scheme rose by £325m to just over £1bn. 

The rise in the number of claims is both a reflection of the increase in R&D spending and increasing awareness of reliefs.

R&D is a generous relief and you should not miss out, just check if you can make a claim. 

 

 

Date: 13th October, 2016
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Chartered accountants @mercerhole has helped an organisation to preserve more than 190 jobs chambermk.co.uk/news/mercer-ho…

Click here to see photographs from our London Christmas Reception at @plaisterershall bit.ly/2j36ZvJ pic.twitter.com/j4NZWVw8RM

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn