R&D tax relief claims increase

This item was filled under Tax

HMRC has revealed a 19% year-on-year rise in the number of claims for research and development (R&D) tax credits submitted by companies in 2015-16.

The latest data shows that companies submitted 26,255 claims for R&D tax credits in the period, up from 22,445 in 2014-15. Total claims rose to £2.9bn, …

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