National Statistics
Corporate tax: Research and Development Tax Credit
These statistics provide information for Research and Development Tax Credits, their cost, and the nature of the companies claiming them
Documents
Details
R&D Tax Credits are a tax relief designed to encourage greater R&D spending, leading in turn to greater investment in innovation. They work by reducing a company’s tax bill by an amount equal to a percentage of the company’s allowable R&D expenditure.
Published 14 September 2016
Last updated 20 February 2018 + show all updates
Last updated 20 February 2018 + show all updates
- Experimental statistics released to provide a breakdown of Research and Development (R&D) tax credit claims for 2015-16, by county/unitary authority and Industrial Sector.
- Update with statistics for 2015-16
- First published.