HMRC has published the latest set of details on the number and value of R&D tax relief and R&D tax credit claims, covering claims in 2008-9. There is an increase in the number and value of claims, but it is surprisingly small considering that 2008-9 was the catch-up deadline to get in claims for relief on expenditure over the previous six years (the relief now has to be claimed in the company tax return or amended return).
The total number of companies claiming the relief was 8,.350 in 2008-9 – that seems a very low number, and it may make the scheme vulnerable to change/removal in the upcoming consultation on how IP is taxed in the UK.
There were 6,600 claims by SMEs in 2008-9, an increase of 600 (10%) over 2007-8; interesting to note that the number of claims for the payable tax credit fell substantially from 1,100 in 2007-8 to 570 in 2008-9.
The number of large companies claiming increased from 2,030 in 2007-8 to 2,190 in 2008-9, an increase of 160 (less than 8%).
The number of vaccine research relief claims continued to be 10, as it has been every year since introduction.
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Related posts:
- UK: R&D spend increases
- France: R&D relief to be refunded
- New Zealand abolishes R&D tax relief
- UK: R&D tax relief relaxed for SMEs
- OT: UK Tax Tribunal statistics (updated)
Tags: figures, relief, statistics, uk