UK-based WhisperClaims has released its 2025 R&D Confidence Monitor survey report, indicating a resurgence of confidence within the R&D tax sector, although significant disparities persist.
The findings highlight differing levels of optimism among accountancy practices and specialised R&D consultancies.
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Created in partnership with The R&D Community, the Confidence Monitor surveyed 65 firms to assess their confidence levels and perspectives on HMRC scrutiny.
The overall average confidence score of 3.8 out of 5 suggests a cautiously optimistic outlook, yet the specifics reveal a more intricate scenario, the report said.
Specialist R&D advisers reported an average confidence score of 4.1, while generalist accountants rated their confidence significantly lower at 3.31.
This difference implies that confidence levels may impact operational choices within firms.
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By GlobalDataNearly 43% of high-confidence consultancy firms expect to submit more than 20 claims in the forthcoming year, contrasting with more modest projections from less confident accountants.
Client confidence seems to trail behind that of firms, with an average rating of 3.2 out of 5.
This suggests that while firms maintain a positive outlook on the R&D scheme, they perceive a decrease in clients’ eagerness to pursue claims.
Unclear guidance continues to create obstacles for both accountants and advisers.
Many cite vague eligibility criteria and a fluctuating legislative environment as significant challenges to confidence in the claims process.
Moreover, HMRC scrutiny is increasing, with compliance checks rising from 10% to 17% between 2022/23 and 2023/24.
This trend has resulted in heightened concerns among firms regarding the likelihood of increased investigations, as reflected in their comments within the report.
WhisperClaims managing director Jen Badger said: “This report confirms what we hear every day from accountants and advisers – the appetite is there, but so are the risks.
“Confidence is being tested by complexity, compliance demands and inconsistent guidance. “But it’s also clear that with the right support and technology, firms can rebuild their confidence and protect their R&D service lines.”
