Many farmers and companies filtering into the agriculture sector engage in activities which could potentially qualify for research and development tax relief without realising. Taking the time to sit back and assess the activities undertaken can deliver a crucial cash flow benefit and enable the company to excel further in its core activities.
One key point to acknowledge is that R&D tax relief is only available to limited companies. Many farming businesses are run as partnerships and so cannot qualify, but this does not mean the end. This is a further planning point to bring to the attention of innovative farmers, wishing to make the most of this generous government incentive (e.g. incorporation may be worth considering).
Types of Qualifying Projects
Qualifying for R&D tax relief spans the full sector, including development of, for example:
Why not contact our team today for a free of charge consultation to examine if your R&D projects qualify.
Ready to apply?
If you’re ready to apply for R&D tax refund, please call us on the freephone number below or use the contact form and one of our helpful team will be in touch to help.
By completing the above contact form you consent that Tax Bright can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.