An outlook of HMRC R&D tax credit statistics 2023

Itu2019s been an incredible financial year for R&D; innovative projects across the United Kingdom have truly taken off and grown tremendously, fuelled by the cash injection from R&D tax credits for SMEs and large companies. The newly published HMRC R&D tax credit statistics tell us that innovation is evolving in alignment with business needs in the tax year of 2021-2022. There is an upward trajectory of innovation and investment which is highly promising for the years to come. Letu2019s break down these key R&D statistics and explore the key takeaways.

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An outlook of HMRC R&D tax credit statistics 2023

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