Agriculture, Forestry and Fishing

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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Agriculture, Forestry and Fishing

Top 10 R&D Sector

The future of Agriculture, Forestry and Fishing can benefit from R&D Tax Credits. With warmer temperatures, population growth and drier soils it would be a shame if the sector was not to take full advantage of the government’s incentive. There are many activities which companies don’t think as R&D in the Agriculture, Forestry and Fishing sector that are eligible for submitting a claim.

 Have a look below to see examples of what counts as R&D in Agriculture, Forestry and Fishing. If your company has invested time, resources and money into the development of technology and software, there are likely claims to be made. 

 

How much could you receive in

Agriculture, Forestry and Fishing 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

Agriculture, Forestry and Fishing. Find out how we've helped a company in your sector!

Innovative companies in Agriculture, Forestry and Fishing

There are several large companies that are innovative in the Agriculture, Forestry and Fishing sector,

below are just a few.

4 Project Examples

Here are 4 project examples in the Agriculture, Forestry and Fishing sector that would benefit from the incentive. 

Silage Wrap for Agriculture, Forestry and Fishing

Adaptation

Adaptation of existing machinery, for example robotics that could improve the process of agriculture. Also adapting to atmospheric conditions like silage wrap.

Drones for Agriculture, Forestry and Fishing

Development

The development of new machinery and components which enhances the productivity of the sector.

Food supplements Agriculture, Forestry and Fishing

Food supplements

By creating food supplements that aim to improve livestock production and the reproduction.

Robotics for Agriculture, Forestry and Fishing

Processes

Processes that for instance reduce waste or reuse waste products.

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 agriculture sector, whether this worked or not, could still have the potential to be a qualifying activity.

In 2020, there were only 555 claims processed by HMRC for the Agriculture, Forestry and Fishing sector, but on average you could receive £45,045 for your successful claim based on current statistics.

Where do we start? You can claim for:

  • New machinery creation
  • 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;

  • Fixing an issue with machinery that does not meet your manufacturing requirements, however coming into an issue when doing so
  • Managing environmental factors, decreasing your carbon footprint during your manufacturing process 
  • Adaptations and amendments in current products and/or services that didn’t go as anticipated and still needs to be amended

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Find out how simple it is to claim your Software and Technology R&D Tax Credits.

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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

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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 Agriculture, Forestry and Fishing sector.

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Rent

Rent will 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 in your claim. For example, making a website for your Agriculture website would not be able to qualify.

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Patent Costs

The cost of applying for a patent 'IP intellectual property' is not able to qualify under the incentive.

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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!

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