Go back

UK R&D tax credit claims increase by 16 per cent in 2019-20


Businesses claimed £7.4 billion between 2019 and 2020, corresponding to £47.5bn of R&D expenditure

The number of R&D tax credit claims made for the year ending in March 2020 have increased by 16 per cent, with a total of £7.4 million claimed, according to the latest data.

This corresponds to £47.5 billion of R&D expenditure, which is 15 per cent higher than the previous year, according to statistics from HM Revenue and Customs.

This article is only available to Research Professional News subscribers. If you are a subscriber you can read the article in full on researchprofessional.com

Pivot-RP users can log in and view the article via this link.