Research: Tax Allowances

(asked on 20th January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many (a) small and (b) large firms have claimed R&D Tax Relief since 2010.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 26th January 2021

HMRC publish annual statistics on the number and cost of claims for Research and Development (R&D) tax reliefs. The latest release can be found here: https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit.

Table RD1 gives the number of claims for the R&D tax relief split by all schemes since the relief was introduced for SMEs in 2000. The number of claims for R&D tax relief can be used to approximate the number of companies.

HMRC also publish annual statistics on the number and cost of claims for Creative Industry tax reliefs. The latest release can be found here: https://www.gov.uk/government/statistics/creative-industries-statistics-august-2020.

Table 4.2 gives the number of companies which have claimed Video Games Tax Relief in each year since the relief was introduced in 2014.

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