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 R&D claim for a producer of bespoke food products, resulting in a client saving of £12,985!
The company develop innovative new food products for the food service sector, aiming to minimise cost, improve taste and texture and improve production efficiency, whilst also developing products to meet changing consumer tastes (e.g. vegan and flexitarian).
The company has made multiple R&D claims and in the year under review, they expanded their range of plant based products to fill gaps in the vegan/flexitarian market. This included plant based versions of a number of typically meat based products, with the aim of creating products that resembled the meat based alternatives as closely as possible and that could also be cooked using various methods (e.g. on a BBQ).
Our dedicated R&D team have saved over £23 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.