Food & Beverage R&D Tax Relief
The last 20 years have been an interesting time to be operating in the food and drink industry, first the “war on salt” and more recently the “war on sugar” and underlying that the advent of “free-from” and the advance of initially vegetarian, but more recently vegan food have added complexity and challenges to the food and beverage industry to change or develop new products and manufacturing techniques.
In the Autumn of 2022 there was a lot of interest in the R&D schemes, particularly Blueberry Muffins and the creation of a Vegan menu at a pub that were features of a number of articles in the The Times newspaper. Rightly, they were highlighting that these types of claims probably shouldn’t have been allowed, but don’t let that put you off considering a claim for your food or beverage claim.
Greg Wallace’s Inside the Factory on BBC has quite rightly shone a light on the innovation happening in the food and beverage industry over the last 10 years and there is plenty of scope to claim for large and small producers.
Food & Beverage R&D Tax Relief FAQs
-
What sort of projects qualify?
-
What sort of businesses have you worked with?
-
Does our project have to succeed?
-
We develop products for specific customers, can we still claim?
Book a FREE 15 Minute Call
We’ve found that an initial 15-minute phone call is normally sufficient for us to determine whether there is some potential in a project. Choose a date and time to schedule in your free, no obligation call with our experts.
BOOK A FREE CONSULTATION
R&D Tax Credits
R&D tax credits have been used to contribute billions of pounds to the UK economy, with the incentive available to companies of all sizes and in all sectors. They should be an integral planning consideration for all engineering businesses, providing a great financial benefit and helping companies develop an R&D culture that helps teams make more calculated, educated risks. From wages of employees and sub-contractors to software and materials, there are various forms of expenditure which can be claimed for through R&D tax relief claims.
Client Testimonials
As a start-up with a unique mobile app, saving £8k+ in tax is a big deal.
We saved £64k with R&D tax relief. Simon is brilliant. He scores 10 out of 10!
You really need a specialist for R&D tax relief. Simon saved us £140k+
You really need a specialist for R&D tax relief. Simon saved us £140k+
Contact us
At Cooden Tax Consulting, we specialise in R&D tax relief, helping businesses to uncover project expenditure that you may be missing. We can identify what needs to be included in a claim and what can be left out, helping you to minimise the chance of HMRC challenging your claim.
If you’re working within the engineering or manufacturing sector and believe you could benefit from R&D tax relief, contact us today for advice and guidance.
Latest News & Insights
30 September – Massive deadline for R&D Tax Relief Claimants
In the last 2 years, there have been some massive changes to R&D Tax Relief. One of them has a looming deadline for around 30% (I’m guessing, but it’s an…
SME v RDEC: What are the differences?
“There is far more that unites us, than divides us” is a phrase that you might often here in politics. It is the same when it comes to claims for…
Are you worried about your R&D Tax Credits Claim?
Since the start of the year, the R&D Tax Credits industry has been shaken to its core by a significant increase in the number of enquiries being opened by HMRC…
Could your SIC Code land you in hot water with HMRC?
Over the last 12 months, there has been significant focus at HMRC on a company’s SIC Code in determining whether they should open an enquiry into a Research and Development…
