R&D Tax Relief: Claims rose by 38% in 2014-15.
The latest data from HMRC indicates that there has been an increase in both the number of companies making R&D tax relief claims and also that companies are increasing their R&D spend. The fact that there are a significant number of companies making claims for the first time demonstrates that there are still companies who have not taken advantage of the relief.
The vast majority of claims are within the manufacturing, professional, scientific/technical and ICT sectors, making up 77% of the £2.45bn claimed, but there are still claims within other sectors such as farming.
If you would like to know whether you could make an R&D claim, please contact us and we will be happy to assess this for you.