Introduced by the UK Government in 2000, the R&D tax relief scheme is designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money invested in qualifying research and development.
R&D tax credits are generally considered to be one of the most attractive tax reliefs available, often resulting in significant cash repayments from HMRC.
R&D in Food Manufacturing
Making; changing; improving or attempting to overcome technical or manufacturing problems are all indicators for eligibility for R&D tax relief. Food manufacturing/processing are the methods and techniques used to transform raw ingredients into food for human consumption.
Food processing takes clean, harvested or slaughtered and butchered components, and uses them to produce marketable food products. The food manufacturing industry draws on the chemical and biological interactions between the ingredients and their response to various pre and post treatment methods such as agitation/mixing, cooking and freezing.
Many other areas of technology are also involved, to the point where it is hard to find an area that does not have a direct impact on the food industry. R&D in this sector is generally driven by changes to legislation, consumer trends and specialist dietary requirements.
What are the potential areas of eligibility?
A vast range of activity in the area of recycling, which could include:
- Elimination of allergens and food additives.
- Extending shelf life of goods.
- Product development for specialist dietary requirements (low salt, sugar etc.)
- Resolving technical problems with production processes (e.g. seasonal variation in quality).
What problems might a company face?
- Problems caused with variation in raw material quality, specification or strength.
- Retaining the same look, taste and texture after changing ingredients or raw materials.
- Developing new processing methods after the introduction of new equipment.
- Poor shelf life in new products.
- Products deteriorating in transit.
Eligibility questionnaire
If you can answer 'Yes' to most of these questions, then based on our experience across thousands of clients, it looks like you could have a successful claim:
- Have you developed new tools, products or services using technology?
- Have you tried to improve your existing products through technical changes?
- Have you had to resolve technical problems with any of your products?
- Have you found more efficient ways to produce your products or services?
- Have you experimented with new equipment or production techniques?
- At the start of a project, did you ever think 'I'm not sure of the best way to do this'?
- Have any of your projects failed for technical reasons?
Why Jumpstart?
THERE IS NO SUBSTITUTE FOR EXPERIENCE AND EXPERTISE. Experience gained through years of daily involvement in putting together thousands of successful R&D tax claims. Expertise built through a detailed programme of training and study, maintained and regularly enhanced.
We have helped literally thousands of businesses, some of whom had no idea they would qualify, to recover over a WHOPPING £100m in R&D tax relief benefits.
