Companies have a period of one year to submit returns after the end of the accounting period and another year to amend or withdraw a claim. The statistics published here for 2022-23 are provisional and have been uplifted to include estimates for claims not yet received. Revisions are expected in next year’s publication.
The Information & Communication, Manufacturing, and Professional, Scientific & Technical sectors continued to have the greatest volume of claims, making up a total of 66% of claims and 70% of the total amount claimed.
R&D claims are concentrated in companies with a registered office in London and the South East with 38% of all claims and 50% of the total amount claimed.
Source Advisors can help your business optimise the value of your R&D through tax relief schemes, including Research and Development Expenditure Credit (RDEC), the new merged scheme and the Enhanced R&D Intensive Support (ERIS) scheme. Our IP services including Patent Box, identify commercial opportunities in your IP.
