Accommodation and Food

R&D Tax Credit Examples, Hints & Tips To Maximise Value
Accommodation and Food R&D
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Accommodation and Food

Top 10 R&D Sector

With accommodation and food being an essential part of everyone’s life, there is no doubt that the sector is rich in research and development. The Government often changes the rules surrounding nutritional control over the products we buy, allowing innovative solutions in the Accommodation and Food sector to adapt to the new rules we often face.

The R&D Tax Credit incentive is set to award businesses in and alongside the Accommodation and Food sector, to allow innovation within the process of adapting those changes, that can shape the world into a better future.

 

How much could you receive in

Accommodation and Food R&D Tax Credits?

Use our free calculator today and you could have a significant benefit amount within 28 days!

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Case Study

Accommodation and Food is an ever growing sector. Find out how we helped to advance the diary free ice-cream scene!

Innovative companies in Accommodation and Food

Here are just several of the many companies that are innovative in the Accommodation and Food sector.

4 Project Exmaples

Below are project examples that would qualify for R&D Tax Credits in Accommodation and Food.

New cleaning proudcts

Development

Creating your own cleaning product that advances currently available alternatives. This might take many attempts to get right, but you can claim back on all eligible expenditure that you've incurred during this process.

scientist operating machinery

Machinery

The development of new machinery, for example, to ensure food and drink is handled safely. If you've built a bespoke piece of machinery to increase efficiency of your production, you could claim for costs incurred.

Packaging innovation

Packaging

Innovating things such as new packaging for transport of altered products.

solar panels

Sustainability

Reducing your carbon footprint, so for instance implementing a new manufacturing process that reduces usage of water, fuel or energy.

FAQ

Frequently asked
questions.

In short, yes. The best thing to do is to figure out how much R&D you are doing, you should then be able to assign a proportion of your light, heat, water and power that was used for your R&D and amend your claim accordingly. 

One of the biggest portions of claims for the Research and Development tax incentive is circled around staff costs. Whether that might be people directly involved within the R&D or others who might be indirectly involved.

No, you do not need to create a new product to qualify for R&D Tax Credits. For example, if you tweaked a cleaning product which had an advancement, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the Accommodation and Food sector, whether this worked or not, could still have the potential to be a qualifying activity.

In 2020, there were only 325 claims processed by HMRC for the Accommodation and Food sector, but on average you could receive £30,769 for your successful  claim based on current statistics.

Where do we start? You can claim for:

  • New recipe creation
  • New, bespoke equipment development
  • Innovating new packaging options
  • A portion of your utilities bill
  • Subcontractors (up to 65%)

Yes! You are able to claim for unsuccessful projects as this falls under the ‘uncertainty’ you faced during the Research and Development you undertook.

Examples of uncertainty for R&D are;

  • Attempting to fix an issue with machinery that does not meet your manufacturing requirements however being unable to resolve the issue
  • Managing environmental factors, decreasing your carbon footprint during  your manufacturing process 
  • If a recipe or cleaning product didn’t work as well as you anticipated and didn’t provide you with what you needed

Download our Infographic

Find out how simple it is to claim R&D Tax Credits in Accommodation and Food.

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Insight

Update Article & News.

UK Innovation Strategy

UK Innovation Strategy A recent government paper was published on 22nd July 2021 – titled ‘UK Innovation Strategy: leading the future by creating it’  

Read More »

Manufacturing case study

Looking for a Manufacturing case study? Start my claim Been told you don’t qualify? A window manufacturer, based in the heart West Yorkshire had previously

Read More »

Costs which don't qualify

Sometimes the parts you may think qualify, don’t. Here are some examples of what doesn’t qualify in the Accommodation and Food sector.

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Rent

Rent does not qualify for R&D Tax Credits under any circumstance.

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Marketing

Anything that comes under marketing is unable to be added into the costs for your R&D claim. For example, making a website for your hospitality website would not be able to qualify.

Legal actions - Blue

Patent Costs

The cost of applying for a patent 'IP intellectual property' is not able to qualify under R&D Tax Credits.

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Purchasing Land

Purchasing land is another cost which will not qualify for the incentive. So for example, if you purchased land to develop the idea the land will not be allowed to be claim for.

Find more about R&D in your sector!

Depending on your company size, you may qualify under the RDEC scheme (Research and Development Expenditure Credit) or under SME incentive (Small Medium Enterprises).

Find out more about your eligibility today.

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Start your claim with Counting King today!

Don’t hesitate on starting your claim, you could be entitled to money you didn’t realise you could have. With Counting Kings simple process you don’t need to worry about your time invested in the claim.

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