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.
We find qualifying R&D expenditure in developing new operating systems or languages, creating new encryption or security techniques that don’t follow established methodologies, the development and testing of systems, devices or processes, and the integration of legacy and new systems. Many companies are specialising in big data analytics where methods for analysing vast amounts of data haven’t existed before and need to be created in a new non-routine way.
The telecoms industry is constantly innovating with the design of mobile and interactive services and the evolution of new generation networks.
This sector includes the following types of business.
Yes, information and communication companies that have already claimed R&D tax credits might find that they could claim even more by applying for corporate tax relief through the Patent Box scheme. In 2023-24, so far, only 75 companies elected into Patent Box, claiming £187 million in benefit.
