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. 

4 Project Examples

Below are project examples that would qualify for R&D tax credits in Food and Drink Manufacturing

Counting King Manufacturing Sector Specific R&D

Modifying

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

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.

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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.

Counting King R&D Budget Increase

Sustainability

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

Costs Which Don't Qualify

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

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Rent

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

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Prototypes

If your company has developed a prototype but you aim to sell it on to a client, you will no longer be eligible to claim R&D expenditure for that prototype.

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.

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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Download our R&D Tax Relief Information

Find out how simple it is to claim R&D Tax Credits in the Food and Drink Manufacturing

Start Your Claim With Counting King Today!

Don’t hesitate on starting your claim. The government would like to say well done for your innovate hard work so check if you could be entitled to the money they are offering to support your business. With the Counting King simple process, we will go through if you are eligible and if you are we will go through the process and work out the amount you can claim.  It is a process we are experts in and will take the lead on producing for you.

We have you covered!

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Quick Q&A

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 made an advancement to a piece of machinery that meant you could either manufacture something much quicker or with decreased carbon footprint, those are the kind of costs you could claim for. As long as the amendments are bespoke and improve your whole sector, you can claim for costs incurred during your R&D process. 

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:

  • Development of new systems
  • New, bespoke equipment development
  • Innovating new packaging options
  • A portion of your utilities bill
  • Subcontractors (up to 65%)
  • Reimbursed expenses

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

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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