R&D Answers: What Has Been The Impact of UK R&D Credits?
Date: 23rd August 2011
In money terms what has been the impact of Research and Development Tax Credits for UK business?
The last figure published by HMRC indicated that in excess of £8b has been reclaimed since Research and Development Tax Credits were introduced in 2000 by all types of companies. In the latest year for which figures are available, 2011/12, the number of claims for R&D tax credits rose from the previous year by 16.5% to 12,190, representing £1.2 billion of tax relief suppor...