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 2024-25 are provisional and have been uplifted to include estimates for claims not yet received. Revisions are expected in next year’s publication.
The Manufacturing, Professional, Scientific & Technical, Information and Communication sectors continued to have the greatest volume of claims, making up a total of 75% of claims and 71% of the total amount claimed.
R&D claims are concentrated in companies with a registered office in London and the South East, with 39% of all claims and 49% of the total amount claimed.
Source Advisors can help your business optimise the value of your R&D through tax relief schemes, including the merged RDEC scheme and the Enhanced R&D Intensive Support (ERIS) scheme. Our IP services including Patent Box, identify commercial opportunities in your IP.
Regional allocation is based on the postcode of the company’s registered address, which might not correspond to where the R&D activity takes place.
The statistics published here for 2024-25 are provisional and have been uplifted to include estimates for claims not yet received. Revisions are expected in next year’s publication.
Numbers of claims are represented by actual figures. Cost amounts are shown in £ million.
Industry sector is based on primary SIC2007 coding of registered company and might not correspond to the industry sector of the R&D activity.
The statistics published here for 2024-25 are provisional and have been uplifted to include estimates for claims not yet received. Revisions are expected in next year’s publication.
Numbers of claims are represented by actual figures. Cost amounts are shown in £ million.
Where the number of claims is less than 10, or the value of claims is less than £10m we have excluded that sector from our results. This is the case for Education, Real Estate and Accommodation & Food.
