SME R&D Tax Claims Drop 19% Amid Crackdown, Overall Payouts Rise 5%

A recent crackdown on the abuse of R&D tax relief by small and medium-sized enterprises (SMEs) has led to a 19% decrease in the number of claims submitted by these businesses. Despite this decline, the total amount paid out in R&D tax relief to all businesses has increased by 5%. This indicates a tightening of regulations targeting SMEs while overall support for research and development remains strong.

Originally published by gnews