R&D within the Food and Drinks sector.
Sector Overview – Food & Drink

Within the latest HMRC statistics on R&D tax credits, we can see that only 0.5% of all claims made under the SME scheme, were for companies operating in the Accomodation and Food sector.

The average claim value was £23,809.

Scientific and Technological uncertainty within Food and Drink development

When creating new recipes for food and drink products, producers will know just how much development is required, before they’re ready for consumers. A great deal of R&D take place, with the development process being both time consuming and full of uncertainty. Failure rates are high, however, to offer customers what they desire within this fast-moving industry, R&D is an essential part of day to day business.

Eligibility for Research and Development (R&D) Tax Credits centres around the two key areas, of either:

Producing new or improved products.

The design and development of a product, involving some degree of uncertainty for which the answers were not obvious.

Examples of some of the scientific and technological uncertainties while developing Food & Drink products

Testimonials from our Food & Drink clients

  • Fantastic result for our company, cash back for our R&D and very little of our time spent getting it back. Fiscale did 99% of the work and we collected. It made what seemed on the outset a complex proposal very easy to understand and to complete.

    Adrian Turner, Yum Yum Tree Fudge
  • It’s been a very swift and easy process.

    Stefan Cosser, Director, F&C Food Limited
  • Great service from a professional and experienced team.

    Claire Neill, Radiance Cleanse
  • Fiscale have been brilliant at helping our business gain the support we really needed. They made it easy to understand a complex process and were efficient and getting things done.

    Aneesh Popat, The Chocolatier

Sound like familiar challenges? Call Fiscale Today!

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.