Chartered Accountants
Research & Development Claim Settled!
In our experience, Research & Development (R&D) refunds are often used to reinvest for growth and preserve cash flow. At a time when businesses must do all they can to survive, it is critical to consider all options available to maintain cash inflow.
Recently, our Taxperts completed a 2 year R&D claim for a well-established vegetable producer, resulting in a client saving of £140,313!
The company supply a wide variety of products, including a range of prepared vegetable products and undertake a number of trials each year, growing new varieties and looking at ways to increase yield, reduce waste, achieve better shelf life, better taste etc.
In the years under review, they have been developing new processes and methods to reduce disease pressure and made changes to planting to increase yield and improve product quality. The company also continually seek to expand its range of prepared vegetable products and offer innovative food products to meet changing consumer tastes, including the demand for healthier products that are easy to prepare at home. This has involved developing the optimum production processes and assessing the optimum combination of raw ingredients to ensure a high quality end product. Packaging and shelf life have also been assessed to ensure that products that are produced are still of a high quality once they reach the supermarket shelf and the end consumer.
Our dedicated R&D team have saved over £22 million for our clients. Claims may require only 3 to 5 hours of your time and can be done largely over the phone with the likely result of significant tax refunds. We do not tie you into contracts and will do as much or as little as required to help businesses, the important point being to make a claim to generate cash flow.
If you would like to discuss your own circumstances to see if you are eligible to make a claim, please email our R&D Taxperts or for more information, visit our R&D page.
