HMRC has released data which shows a 49% uptick in SME claims for R&D tax credits between financial year 2008/9 and financial year 2011/12.
Over 10,000 SME companies in the UK claimed R&D tax credits in 2011/12 according to figures compiled by the Office for National Statistics. In 2008/9 the figure was just over 6,000. Since 2000, when the scheme was introduced but claimed by just 2,000 SMEs, over 24,000 companies of all sizes have claimed in excess of…
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