R&D Tax Credits for
FoodTech activity and R&D Tax Relief.
Innovation within the Food and Beverage industry, also known as FoodTech, is a less dominant sector of R&D - but it's just as eligible to claim R&D Tax Credits. With global food issues, rising health standards and changes in the modern consumer, the food sector can demonstrate extensive research and development.
Qualifying FoodTech expenditure for R&D Tax Credits.
The process of refining sugar-alternative recipes.
The development of sustainably-made meat alternatives.
Manually managing variables within production such temperature and humidity.
Streamlining the diagnosis of medical conditions through innovative testing methods.
Innovating processes of helping produce stay fresh for longer.
R&D Tax Credits, explained.
What are R&D Tax Credits?
The Government implemented the Research and Development Tax Credits (R&D Tax Credits) Scheme to help fuel innovation in the UK, by rewarding companies bringing new products, processes or services to market.
How do R and D Tax Credits work?
Companies that spend money developing new products, processes or services - or enhancing existing ones - are eligible to claim R&D Tax Credits. If you're spending money on innovation, you can file for R&D tax relief and receive it either a cash payment or a Corporation Tax reduction from HMRC.
Is my FoodTech business eligible for R&D tax relief?
To make an R&D Tax Credit claim, you must meet the following criteria:
Be a UK limited company that is subject to Corporation Tax
Have carried out qualifying research and development activities
Have spent money on these activities
Our end-to-end R&D Tax Credits Service.
The HMRC-recommended approach to R&D Tax Credits.
Fixed Fee, no upfront costs.
We take the stress away from claiming R and D Tax Credits. Our specialists complete both the Financial and Technical reports and submit your R & D claim to HMRC so you don't have to.
We're so confident in our end-to-end R&D Tax Credits service that our fixed fee is charged only upon success.
R & D Claim completion within 3-5 working days
End-to-end R&D Tax Credits service
Financial & Technical Report completion
Dedicated Account Manager & R&D Tax Specialist
100% Success Rate
Full HMRC Enquiry Support at no extra cost
Trusted by FoodTech companies.
FAQs: FoodTech R&D Tax Credits.
How much R&D Tax Relief can I reclaim?
Profit-making companies are able to receive a tax benefit of up to 21.5% of costs spent on qualifying R&D activity, whereas loss-making companies are able to claim up to 27%.
Can travel expenses be included in my R & D Tax Credit claim?
Yes, travel expenses (i.e - flights and hotels) can be claimed within your R&D tax credits. But for these costs to be included in the R & D claim, employees must have paid for them as an out-of-pocket expense on their personal card and been reimbursement by the business.
What is Claim Capital's success rate with FoodTech R & D claims?
We operate 100% success record across all sectors, with claim sizes currently varying between £10,000 and £1.2m.
Which areas of FoodTech expenditure can be reclaimed through R and D Tax Credits?
R&D Tax Credits allow claimants to recover up to 27% of costs spent on staffing, subcontractors and consultants, hardware, software, and consumables.
Is Claim Capital authorised to submit my R&D Tax Credit claim?
Yes, Claim Capital is an authorised HMRC agent! This means that we are able to submit research and development tax credits (R&D Tax Credits) on your behalf. We are in constant contact with HMRC to ensure your R & D claim reports adhere to current R&D Tax Relief legislation.
Are there any upfront costs involved in Claim Capital's service?
At Claim Capital, we believe in shared success. So, we don't charge our clients a penny until they receive their R & D claim benefit from HMRC! Then, and only then, do we operate our fixed fee.