HMRC has published accredited official statistics detailing Research and Development Tax Credits, including data on claim volumes, associated costs to the exchequer, and the characteristics of companies utilising the scheme. The statistics provide transparency on how businesses across different sectors are accessing R&D tax relief and the overall financial impact of the programme. This data is relevant for customs and trade professionals monitoring government support schemes affecting UK businesses engaged in research and development activities.
Source: HMRC (GOV.UK) – Read the original