Number of Claims: National Statistics
- robcbexleyheath0
- Feb 11, 2023
- 3 min read
National statistics
Research and Development Tax Credits Statistics: September 2022
Updated 29 September 2022
Below you will see an excerpt from the government website showing national statistics on R&D Tax Relief and the number of claims made
“The government isn't trying to avoid this tax relief, in fact the opposite, they encourage R&D even if it fails. At TaylorRoberts & Co. we'll work out whether you qualify for putting in the work you've done.”
Below is what the government say about R&D Tax Relief
SOURCE: https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit/research-and-development-tax-credits-statistics-september-2022
Number of Claims
The total number of R&D claims for the tax year 2020 to 2021 is estimated to be 89,300 - an increase of 7% from the previous year (figure 1 and table RD1).
This is comprised of 78,825 Small or Medium-sized Enterprise (SME) scheme claims and 10,475 Research and Development Expenditure Credit (RDEC) scheme claims. The number of SME scheme claims can be broken down as: 39,915 claims which are purely for a deduction from CT liability and 38,910 claims which include a payable tax credit element in the tax year 2020 to 2021.
In the RDEC scheme, 3,990 claims are from large companies and 6,485 claims are from SMEs claiming under the RDEC scheme because they are undertaking the R&D as subcontractors, or the R&D is subsidised, and so they are unable to claim under the SME scheme. This is a 7% increase in the number of RDEC claims since last year.
The driving factor in this growth has been more small or medium-sized enterprises making claims, representing 7% growth within the SME scheme and 20% growth within the RDEC scheme. This is despite a 9% decrease in the number of RDEC claims from large companies.
Figure 1: Number of claims for R&D tax credits by scheme, 2014-15 to 2020-21
Amount of relief claimed
The total support claimed through both R&D schemes for the tax year 2020 to 2021 is estimated to be £6.6 billion (figure 2 and table RD2). This is a decrease of 4% from last year’s total of £6.9 billion.
The £6.6 billion is comprised of £4.2 billion claimed through the SME scheme and £2.4 billion claimed through the RDEC scheme. Within the RDEC scheme £2 billion has been claimed by large companies and £365 million has been claimed by small and medium sized companies. Although the volume of claims under the SME scheme is much larger than under the RDEC scheme, the average claim size is generally much larger for RDEC than SME. However, RDEC average claim sizes have gone down in the tax year 2020 to 2021. This could be due to several factors, most obviously the impact of the COVID-19 pandemic.
The total support claimed through the SME scheme has increased by 2% compared with the previous year. The total support claimed through the RDEC scheme has decreased by 13% since the previhe cost of support for both the SME and RDEC schemes has increased substantially in recent years. The increase in the SME payable credit rate from 11% to 14.5% in April 2014 and the rise in the SME enhanced expenditure rate to 130% in April 2015 have contributed to the growing costs of the SME scheme. The RDEC rate also had increases during this time. The RDEC rate increased from 11% to 12% on expenditure incurred on or after 1 January 2018. It was also raised to 13% for expenditure incurred on or after 1 April 2020.
Figure 2: Total support claimed through R&D tax credits by scheme, 2014-15 to 2020-21 (£ million)
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