研发税收抵免——初创企业的经验

January 2023 Key Findings Our survey of 267 members of the tech ecosystem, the vast majority ofthem startup founders, shows that there is significant concern about 89%of respondentsstrongly agreedwith the statement:"If the cuts go ahead 76%of respondents strongly agreed withthe statement: “I expect the cuts to 66%of respondentsstrongly agreed withthe statement: "I amconcerned I will be Respondents were mostsupportive of anychanges includinga simple process to The estimated mean reductionin savings for respondents’ firms Respondents were most concerned about the proposals introducinga reduced amount that startups can claim, followed by unclear terms Full Survey Results Background Following the announcement of changes to the R&D Tax Credit scheme in the Autumn Statement inNovember 2022, Coadec heard a significant amount of concern from the UK’s tech ecosystem about thenegative impact this would have on startups. To explore the issue further, Coadec launched a survey 267 responses were collected - with the demographics listed below: Respondents What do you use R&D tax credits for? Respondents could pick as many responses as applied to them: The Current Scheme Respondents were asked to rate their current experiences of using R&D tax credits, on a scale of 1 - 10,where 10 is a great experience. The mean result was 6.7. Respondents were then asked to what extent they agreed with the below statements. ‘I have experienced delays in HMRCprocessing and paying our tax credits.’ ‘It would not have been possible tobuild myfirm to where it is todaywithout the support of the current Respondents were asked, if they had ever used an advisor to help them navigate the R&D tax credits process,whether it would have helped to have a regulatory mechanism to quickly tell which advisor had high Proposed Scheme Changes Following information about the changes proposed in the November Budget,which Coadec estimates will see startups lose between 30-40% of their currentsavings from R&D tax credits, respondents were asked to estimate how much The mean amount estimated by respondents was£100,363and the median Respondents were then asked how much they agreed with a series of statements ‘I expect development and producttesting to be slower and more difficult ‘I am concerned I will be forced to raiseinvestment earlier and potentially at ‘I am concerned I will be unable to pay Finally, respondents were given a choice of suggestions for what they wanted to see from any changes toR&D tax credits, and what they were most concerned about. Respondents could select as many options as