R&D within agriculture
Sector Overview – Agriculture

The latest statistics on Research and Development (R&D) Tax Credit published by HMRC, shows that only 0.8% of all claims made under the SME scheme were for companies operating in the Agricultural sector. However, with the average claim value being £44,776, should more companies be claiming this valuable form of tax relief?

Research and Development Tax Credit within the Agricultural industry

Despite being one of the oldest industries known to mankind, innovation within the agricultural sector still takes place daily. Companies within this sector are facing (and finding solutions) to challenges such as raising populations and climate change. Agricultural companies are also future proofing for other factors, for example, disease resistance of crops. As a result, business operating within this industry are often on the vanguard of innovation.

Eligibility for R&D tax credits focuses around the two key areas of either:

Producing new or improved products

Design and development of a product involving some degree of uncertainty for which the answers were not obvious

There’re many ways in which companies within this industry could be eligible for R&D tax credits; however, with some projects taking decades to come to fruition, it’s not only vital to what the technological uncertainties being faced are, but what would and would not contribute to the claim.

Examples of technical uncertainties within Agriculture

Testimonials from our Agricultural clients

  • It was a pleasure working with the Fiscale team and we are very much looking forward to the next project.

    Chris Field, Field Compost
  • Without Fiscale, we would never have claimed and received R&D Tax Credits. Thank you.

    John Blackman, Blackman Agriculture Ltd

Sound like familiar challenges?

Why not contact us today to discuss your business’ R&D tax relief? It only takes our team around 20 minutes to determine if you are eligible or not.