Food and Drink Manufacturing

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

With food being an essential and important part of everyone’s life, the Food and Drink Manufacturing is thriving in Research and Development. The Government is constantly changing rules surrounding nutritional control over the products we buy, that is where the R&D is.

We know that there are a lot of nuances regarding this incentive but that’s why specialists like ourselves are on the market. R&D is everywhere without you even necessarily realising this. We can conduct a casual meeting with yourself to understand your business, how you operate and what costs you’ve incurred that could qualify. 

 

How Much Could You Receive In

Food And Drink 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

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Large Innovative UK Businesses

Here are just a few of large innovative UK businesses in the Food and Drink sector.

4 Project Examples

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

New cleaning proudcts

Modifying

Modifying existing products which serve an advancement. For example; the flavour of a product, consistency, shell life and nutritional values.

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. As an example, creating a piece of packaging which allows the food and drink to be kept in good condition longer.

solar panels

Sustainability

Reducing your carbon footprint by 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 recipe that now makes your product available to people with allergies, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the Food and Drink 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 Food and Drink sector, but on average you could receive £30,769 for your successful claim based on current statistics.

With government nutritional regulations constantly changing, and also the need for new inventions surround food, there is no better time to start your claim today.

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
  • Managing environmental factors, decreasing your carbon footprint during  your manufacturing process 
  • If a recipe didn’t work as well as you anticipated and didn’t provide you with what you needed

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

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Insight

Update Article & News.

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Manufacturing case study

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R&D Costs That Do Not Qualify

Sometimes the parts you may think qualify, don’t. Here are some examples of what doesn’t qualify in the Food and Drink Manufacturing 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 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 King’s simple process you don’t need to worry about your time invested in the claim.

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