R&D TAX CREDITS STATISTICS FOR 2018

Top Industries:

  • Manufacturing – £990 Million
  • Information & Communication – Over £850 Million
  • Professional, Scientific & Technical – Over £800 Million

 

Other Industries:

  • Construction – Over £100 Million
  • Financial & Insurance – £180 Million
  • Admin & Support Services – Over £100 Million
  • Wholesale & Retail Trade, Repairs – Over £180 Million
  • Education – Over £50 Million
  • Arts, Entertainment & Recreation – Over £100 Million

This is not to say that there isn’t potential in the next financial year for these numbers to continue to climb or for new industries to be top earners. These industries are seen as ‘naturally innovative’.

 

Last year:

Top Industries:

  • Manufacturing – £890 Million
  • Information & Communication – £550 Million
  • Professional, Scientific & Technical – Over £600 Million

 

Other Industries:

  • Construction – Over £40 Million
  • Financial & Insurance – Over £80 Million
  • Admin & Support Services – £70 Million
  • Wholesale & Retail Trade, Repairs – £100 Million
  • Education – Over £90 Million
  • Arts, Entertainment & Recreation – Over £50 Million

 

For a more thorough overview of the R&D TAX CREDITS STATISTICS FOR 2018 please follow the link

https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit

Also for more about the initiative follow this link https://www.shencoh.co.uk/research-and-development-tax-credits/