Source HMRC R&D tax credits statistics 2025
The statistics published by HMRC for 2023-24 are provisional and have been uplifted to include estimates for claims not yet received.
Scientific research and development, including pharmaceutical and biotech activity, are more obvious examples of businesses that have R&D at the core.
We find qualifying R&D expenditure in the development of new or alternative materials, product development including trials or prototypes through to full scale production batches and the development of new or improved diagnostical tools with better sensitivity, range or accuracy.
We often find that companies need to innovate in response to changes in health, safety and environmental legislation.
This sector includes the following types of business.
Yes, professional, scientific and technical companies that have already claimed R&D tax credits might find that they could claim even more by applying for corporate tax under the Patent Box scheme. In 2023-24, so far, only 150 companies elected into Patent Box.
Industry: Electronic Engineering
