Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

George’s marvellous medicine

07 October 2014 / Maria Kitt
Issue: 4472 / Categories: Comment & Analysis , R&D relief , Business , Companies

Are businesses enjoying the full benefits of R&D relief?


  • Research and development tax relief claims by small and medium-sized businesses have increased significantly.
  • Claims processed by HMRC for 2013 reach 15 000 a 30% increase.
  • Large company claims are static and the value of the UK’s research and development economy is dwindling.
  • Tax relief is only part of the picture for UK innovators and is limited to corporates.
  • UK companies are still almost absent from the global top 20 companies undertaking R&D work.

HMRC recently published the annual statistics for companies claiming research and development (R&D) tax relief.

Initial reviews of the figures (see R&D Expenditure and Costs and Claims; both below; click image to enlarge) have pointed to a dramatic increase in small and medium-sized companies (SMEs) claiming this relief as the uplifts...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon