In the United Kingdom, companies in the agriculture industry can Claim research and development tax credits for a wide range of activities related to the design, development, and implementation of farming and agricultural technologies, systems, and processes.
Contact us today to explore how we can assist you to claim research and development tax credits application.
Some examples of eligible activities include:
To qualify for claiming research and development tax credits, a company must be a UK-based business and the R&D activities must be related to the company’s trade. The R&D must also seek to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty.
The amount of credit a company can claim depends on the size of the company and the nature of the R&D activities. For small and medium-sized enterprises (SMEs), the credit is worth up to 33% of the R&D costs. For large companies, the credit is worth up to 10% of the R&D costs.
Colin Copley, Owner and Founder of Copley LTD, shares his experience of working with RDI Solutions.
Contact us today to explore how we can assist with your R&D tax credit application.
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