Back

Food Management Today: 74% of UK food manufacturers likely to be eligible for R&D tax relief

Date: October 5, 2017

Three quarters of small and medium-sized British firms in the food manufacturing industry are likely to be eligible for Research & Development (R&D) tax relief, according to the results of a new Censuswide survey.

The report surveyed 500 senior managers and business owners and was published by specialist tax relief experts, Catax.

According to the survey, 74% of senior managers and business owners at smaller UK food manufacturing firms say they have spent time and money ‘developing a new product or business process over the past three years’, which according to Catax is the “basic requirement for an R&D tax claim”.

However, more than a third (36%) of senior managers and business owners at smaller UK food manufacturing firms have never even heard of R&D tax relief.

Of those who have, one in three (34%) incorrectly believe it is restricted to specialist hi-tech science or pharmaceutical companies.

To read full article click here

Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.

Live chat