R&D Tax Relief for Food and Beverage Businesses

R&D Tax Relief for Food and Beverage BusinessesResearch and Development (R&D) Tax Relief helps innovative companies, including restaurants, bars and hotels as well caterers, breweries and drinks manufacturers, undertaking R&D related activity claim a generous tax deduction or a cash refund from HMRC.

Loss-making companies can claim a cash refund of £33,000 for every £100,000 they spend on qualifying R&D expenditure, this includes: staff costs, consumable materials and utilities (power, water and fuel). Profit-making companies can reduce their corporation tax bill by 230% tax deduction. 

Jeffreys Henry LLP is one of the UK's leading Tax Advisers with significant R&D tax experience. In recent months, we've secured over £5.5 million of R&D claims on behalf of our clients.

Here are some examples of R&D related activities that may qualify:-

Food

  • Improving the taste, texture or nutritional content
  • Incorporating new or sustainable ingredients
  • Pairing food and drink
  • Producing sample batches in a test kitchen

Processes

  • Developing techniques that will reduce costs and / or improve product consistency
  • Redesigning processes to comply with new legislation
  • Improving machinery and equipment to ensure safe and hygienic handling of food

Packaging

  • Creating new packaging to improve shelf life, durability, and / or product integrity
  • Reducing materials or using more environmentally friendly materials in packaging
  • Introducing new or alternative materials to improve packaging

Sustainability

  • Creating new methods for minimising contamination, scrap, waste and spoilage
  • Increasing energy efficiency of water, fuel, and utilities through introduction of new technologies
  • Developing processes to convert waste to energy

Can you claim? Contact us for a free R&D assessment

For further information, or to arrange a free initial R&D assessment, please email Parminder Chattha or telephone 0207 309 2222.