HM Revenue & Customs has released data which shows how many companies have claimed under its research and development tax credit scheme since its inception at the beginning of last decade.
The R&D scheme was established in 2000 to allow companies to claim some of the costs of their research and development back against their tax bill. Based on all claims received up to September last year, there were 7,670 claims spread among 7,450 for the financial year 2007-08. This compares with just 1,860 claims in…
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