Food and drink What we do for food and drink businesses
Overview
The food and drink industry is constantly undertaking R&D, whether companies are trying to improve the quality of their products, meet dietary requirements or trying to avoid the sugar tax; many of the challenges that they face and how they overcome them qualifies for R&D Tax Relief.
Qualifying activities within the industry extend beyond development of recipes for taste and nutritional content but also to the packaging of the products.
Examples of R&D activity within the Food & Drink sector include:
- Development of new product formulations and manufacturing process specifications.
- Improving nutritional properties whilst maintaining flavour and quality eg low fat, low calories, no trans-fat etc.
- Eliminating allergens, preservatives and artificial dyes.
- Reformulating an existing product with different raw ingredients.
- Modifying an existing products stability, consistency, flavour, texture, form or shelf-life.
- Scaling up production whilst maintaining the same quality as trial recipes.
- Utilising existing or adaptation of new technologies from other industries for novel applications to improve food manufacturing processes or products.
- Developing innovative packaging solutions (see below).
£31k
average claim by SME’s in the construction industry
1%
of all claims in the UK
BESPOKE TRAINING
We provide training, tailored to your business, that improves your understanding of the scheme to strengthen knowledge or awareness of R&D tax credits.
QUICK AND SIMPLE
Our straightforward, jargon-free process ensure claims are robust against any HMRC scrutiny and improves or sets up internal processes to make future claims more efficient
FRESH IDEAS
Our forward-looking team embraces new ideas to deliver incredible tax savings coupled with expert approachable tax advice.
The Zeal Guide to R&D Tax Relief
Everything you need to know to make a claim for R&D tax credits.
Our team is made up of chartered tax advisors and food and drink sector specialists.
All your needs covered from one-off consultancy projects to a fully managed claim service.
We never promise to increase your claim, but we guarantee we'll maximise it.
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Article: R&D Qualifying Expenditure
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When looking at eligible expenditure for R&D Tax claims there is one category that often strikes initial confusion – EPW’s. EPW stands for Externally Provided Workers, which still doesn’t shed too much light on what they are as it’s a phrase that doesn’t exist outside the world of R&D Tax.
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Industry News: R&D Tax – An industry reflection
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Most industries experience BOOMS, whether it’s as far reaching and impactful as the dotcom boom, or more sector specific or regional; like craft beer or manufacturing in Birmingham. Over the past five or so years the world of R&D Tax has experienced such a BOOM.
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