Science
Agricultural, Food and Drink and Waste Management businesses (among others) that are solving technical challenges can potentially qualify for R&D Tax Relief. This incentive can allow eligible businesses to claim up to 21.5% of their qualifying R&D expenditure back, in the form of a cash injection from HMRC, or a tax reduction/refund.
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The scheme rewards companies based the qualifying cost categories, such as employee salaries, subcontractor costs, consumable and material costs to name a few.
Additionally, business can claim R&D for up to two years after the end of their respective accounting period. For example, a company with a December year-end can submit an R&D claim for the accounting period ended December 2023, as long as it is submitted before the end of December 2025.
Arable
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Trials to increase yield, disease resistance, shelf life and quality
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Production of high quality crops under various weather conditions
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Food production investigations
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Increasing harvest volume and the nutritional value of yields
Livestock
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Trialling and improving the quality or quantity of produce
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Developing unique ways of improving animal health and welfare
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Researching new ways of reducing disease rates
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Genetic modifications to produce better quality produce
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Feed trials
Waste Management
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Development of new processes to be able to extract materials from waste
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Development of new processes that achieve increased extract yields or reduction in power use
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Design or development of new processing equipment
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Establishing new extraction methods
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Development of new techniques to reduce contamination and reduce waste to landfill
Food & Drink
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Developing new or improving existing recipes
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Improving packaging
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Investing in experimental methods
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Improving or enhancing nutrition
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Extending shelf life of products
