Agriculture and Horticulture and R&D

Is your farming or horticultural company innovating to improve your business?

This could mean that you can claim research and development (R&D) tax relief… R&D is not only done by scientists and computer specialists.

Any innovation aimed at “making an advance in science or technology” can lead to tax relief. The project does not even have to work.

If your company pays corporation tax, you could get a reduction to your taxable profits of up to 230% of the R&D spend.

If your company is making losses at the moment and is small or medium sized, it may be possible to get up to one third of your R&D costs as a payable credit from HMRC.

If it is your first claim, it is possible to look at the previous 2 sets of accounts as well as the current ones.

R&D claims can be tricky and we can help you! 

Our agricultural and horticultural team of Christine Deacon and Melanie Phillips would be happy to help you!  You can call us on 01243 782 423 or head to our contact form and we’ll be in touch!