RDS - Sectors - R&D Tax Credits – Agriculture
There is a lot of innovation happening in the agriculture industry at the moment, which is why R&D in agriculture is so important. It will come as no surprise that a large number of businesses in the agricultural industry can take advantage of R&D tax credits and claims.
No upfront fee
We only bill when your claim is successful
£55million+
Unlocked for our clients
£7.6bn
Claimed by UK businesses in the 21/22 financial year
There is no shying away from research and development in agriculture, as it’s something that more and more businesses are embracing, and R&D tax credits are there to encourage this throughout the sector. This could involve developing a new way of doing things, creating new agricultural technology or utilising research findings to boost efficiency. If your business is carrying out research or development in the agricultural industry, you could be eligible for R&D tax credits for agriculture.
At RDS, we are on hand to guide agricultural businesses through the process of claiming R&D costs back from HMRC. We can help you to determine if your business – regardless of size, products or services – is eligible for R&D tax relief. If it is, our expert team is on hand to help you to make a successful claim. Our service is professional, experienced and straightforward.
Use our handy R&D tax relief calculator to find out how much you could be claiming back.
Please find below a few examples of activities that qualify as R&D expenditure in agriculture.
You can claim for the following:
an element of staff salary costs as well as employer’s NIC & employer pensions costs relating to employees’ time whilst actively engaged in research and development projects.
carried out by third parties on your behalf relating to the R&D.
used directly in R&D including prototyping and concept development costs.
where the software is required to enable the process of R&D.
related in specific proportions to the R&D projects.
where these costs occur in order to enable your R&D to occur.
We have helped businesses across a range of sectors claim R&D tax credits for their innovative work.
MANUFACTURING
CONSTRUCTION
ENGINEERING
TECHNOLOGY & COMMUNICATIONS
AGRICULTURE
FOOD & DRINK
ARCHITECTURE
SCIENCE & MEDICINE
SOFTWARE & IT
AEROSPACE
DEFENCE & MILITARY
PHARMACEUTICAL
An initial phone call or face-to-face meeting is typically the first step, so that one of our Business Development Managers (BDM’s) can discuss potentially qualifying R&D projects with you & explain the activities that can be included within an R&D claim.
Following a successful eligibility check, our team will officially engage with you & request the straightforward financial information required from you and your accountant in order to analyse the R&D costs. A report call / meeting will also be carried out so that a justification report can be created.
Once the claim financials and report have been completed, our team will liaise with you to discuss the final claim and get feedback from you & a confirmation that all eligible activity has been included. Following the review and claim sign off, we will submit the information to your accountant.
One of the benefits of our approach is that we don’t tread on the toes of your accountant by taking over as your ‘agent’ with HMRC. We pass over the completed claim info to your accountant so that they can alter your corporation tax return (CT600) to include the figures, and also attach the report for HMRC.
With three UK office locations we are always on hand for a call or to meet in person. Start your journey with RDS today.
