30/10/2026
UK R&D Tax Credit Statistics 2026 Summary and Stats
HMRC’s latest R&D Tax Credit statistics reveal £8.2 billion of tax relief claimed on £51 billion of qualifying R&D expenditure. But behind the headline numbers, the 2026 data show a significant shift in the UK R&D tax relief landscape.
HM Revenue & Customs has published its latest R&D Tax Credits Statistics for September 2026, covering claims relating to the 2024–25 financial year.
The statistics provide the first full picture of the UK’s R&D tax relief system following the introduction of the Merged R&D Expenditure Credit (Merged RDEC) and Enhanced R&D Intensive Support (ERIS) for accounting periods beginning on or after 1st April 2024.
For businesses claiming R&D tax relief and companies considering whether they could make a claim there are several important trends to understand.
UK R&D Tax Credits: The key statistics for 2026
According to HMRC, companies claimed an estimated:
- £8.2 billion in R&D tax relief during 2024–25.
- ÂŁ51.0 billion of qualifying R&D expenditure.
- 40,325 R&D tax relief claims.
- The average claim value, which was 27% higher than the previous year.
- ÂŁ5.9 billion of relief through RDEC and Merged RDEC.
- ÂŁ2.3 billion through the SME and ERIS schemes.
- Total R&D tax relief increased by 5%, while qualifying R&D expenditure increased by 7% compared with the previous year.
At the same time, the number of claims fell by approximately 17%.
That apparent contradiction fewer claims but more tax relief is one of the most interesting features of the latest R&D Tax Credit statistics.
The bottom line is “the rich get richer and the poor get poorer”. As the statistics below will illustrate, the SMEs under the new merged scheme have seen a dramatic decrease in support under the R&D Tax Credit relief programme compared the dramatic increase in funding provided to the larger companies applying for R&D Tax Credits.
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