If you’re feeding the nation with your innovation, you could be due some Government support
Innovation has been making headlines this week, as more businesses begin to realise that they could benefit from R&D tax credits.
An article in the Sunday Times featured an organic cheese and vodka producer who had been continually developing new products, but didn’t know that they were entitled to Government support.
HMRC is keen to champion innovation among UK businesses, yet a lack of awareness means many companies don’t realise that they qualify. Up to 33% of research and development costs can be claimed back, so if your business is eligible, don’t miss out!
We’ve worked with many brilliant businesses in the food and drink sector, such as award-winning confectioners Fudge Kitchen. They make their delicious fudge using whipping cream rather than butter and they’ve been innovating with packaging methods and flavour profiles, making the company eligible for R&D tax relief.
Russell Distillers Limited, who own Copper Rivet Distillery, also qualified with their clever blend of innovation and tradition. The company has developed a unique dual-distillation process that maximises the taste and appearance of their spirits.
“The support of R&D tax relief is really useful to businesses who want to innovate and has encouraged us to be even more creative as we look to the future,” said co-founder Matthew Russell.
Why not find out if your research and development activity qualifies for R&D tax relief? You can take the simple test or give our team a call on 0800 772 0800 for an informal chat.