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Packaging News: Food manufacturers and pack firms losing out on tax relief

Date: October 5, 2017

A new Censuswide survey of 500 senior managers and business owners by tax relief experts Catax shows a significant majority (74%) of senior managers and business owners at smaller UK food manufacturing firms say they’ve spent time and money ‘developing a new product or business process over the past three years’ – the basic requirement for an R&D tax claim.

This means that around three quarters of businesses involved in food manufacturing, from producers to packaging companies and their suppliers, could be due a sizeable tax windfall.

To read full article click here: https://www.packagingnews.co.uk/news/markets/food/food-manufacturers-pack-firms-losing-tax-relief-04-10-2017

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