Accredited official statistics: Corporate tax: Research and Development Tax Credits
Finance Classified by Officially
Research and Development Tax Credits are a tax relief designed to encourage greater Research and Development spending, leading in turn to greater investment in innovation. They work by reducing a company’s tax bill by an amount equal to a percentage of the company’s allowable Research and Development expenditure or by giving companies a payable credit based on their expenditure.
Further details, including policy background, data suitability and coverage, are included in the Background information and quality report.
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Read the original at the source: https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit
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- HM Revenue and Customs — imported from official source
- Official source
- https://www.gov.uk/government/organisations/hm-revenue-customs.atom ATOM
- Imported
- September 29, 2026 09:00
- Versions
- 1 recorded
- Identity
https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-cre...