Food & Drink

Research and development claims in the food and drink industry. 

The food and drink industry is the biggest under claimer of R&D Tax Credits.

Often overlooked by most, the food and drink sector is anything buy excempt from claiming R&D. If your company is developing new food or drink products, then you could be entiled to a cash injection to help your business grow.

Why is R&D important in the Food & Drink industry?

The food & drink industry is often overlooked when considering R&D Tax Credits, but the amount of different qualifying projects is staggering. The creation new food recipes, the trialing of new brews and the development of new equipment are all different areas where the Food and Drink industry can claim R&D.

When looking at this sector for R&D, it’s often best to take a step back and look at how different products are made. For example, when creating new sugar free food products, the removal of sugar and the adding of alternative sweeteners can completely change the texture of a product. This means the company needs to trial multiple different ingredients which can each alter the chemical formulae in different ways leading to different results in the end product. This process can be very time consuming and require a significant level of trial and error.

With more and more microbreweries and distilleries popping up every week, new recipes and process are constantly being developed. These companies are anything but exempt from claiming R&D and should be taking advantage of a 19-33% tax rebate on projects.

What qualifies for R&D in the Food & Drink industry?

As mentioned above, there are a number of different things that qualify for R&D in the food & drink sector as the process of bringing new products to market can often be a long one. The constant need for trial & error in not only creating a new product, but also finding a way to mass produce it means that there are a number of activities that can qualify for the scheme. Below are some examples but there are many more beyond these:

What qualifies for R&D in the Food & Drink industry?

food & drink sector as the process of bringing new products to market can often be a long one. The constant need for trial & error in not only creating a new product, but also finding a way to mass produce it means that there are a number of activities that can qualify for the scheme. Below are some examples but there are many more beyond these:

Testimonials

"We just wanted to say a massive thank you for helping us complete our recent R&D tax claim, you have helped us for a few years now but as always you make the process so simple and easy. Thanks to you we have now reduced this years corporation tax bill by three quarters. We have recommended your services on many occasions to other businesses and will continue to do so. The feedback we get from people we have referred you to is fantastic and it’s a massive credit to you and your organisation, we look forward to working with you for years to come."
Barrow Electrical
"To R&DTaxCredits.org, I wanted to send this testimonial for your work on our R&D Tax return. We never thought we had a claim for R&D but after a call, you said there may be scope to make a claim based on some of the work we do. You effortlessly reviewed several projects that we do and suggested we had a claim that we could back date two years later. Last week we received a payment over £5,000 which we would never have had without your knowledge and support. I could not be happier with how simple you made the process and thank you for your patience waiting for details from me! We have already collated evidence for this year’s claim and wouldn’t hesitate to recommend you!"
Empine Group
With the help of R&DTaxCredits.org, a Signage company based in Preston, Lancashire has received just over £16,000 for their efforts in innovation and problem solving. The family run business offer a full design and install service for signage in an array of products such as vehicle graphics and wrapping, shop signs, graphics, boards, and banners. The qualifying projects included solving problems on site; making alterations to designs to suit a specific setting; and research into how different materials, glues and paints react when used together. This cash injection will allow the company to invest in themselves and continue to grow.
Lancashire Signage
“I’d like to thank Dan for all his work in the background securing us a R&D tax credit. As a company we were unaware of the fact we could claim tax back on the research and development part of our business and had always accepted it of as an expense we could do nothing about. However, after a short conversation with Dan, we decided to ask R&DTaxCredits.org to act on our behalf and this has ended up with the refund by the tax department being paid into our bank. I wish we’d investigated this years ago as the amount was almost £29,000, which makes the amount we pay in tax a little more tolerable.”
Acorn Electrical Supplies
"We’d like to thank Dan and the team at R&DTaxCredits.org for helping us with our recent R&D claim. After a challenging year with COVID and uncertainty in the construction market, a large cash injection was exactly what we needed to ensure we could continue paying suppliers on time and continue with current works with no financial restrictions. With the help of Dan’s team we were able to claim over more than £70,000 back for our innovations and we couldn’t be happier. We wouldn’t hesitate to recommend R&DTaxCredits.org and we will continue to use their service in future."
SJH Renovations

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