R&D Tax Credits - Agriculture
There is a lot of innovation happening in the agriculture industry at the moment, which is why R&D in agriculture is so important. It will come as no surprise that a large number of businesses in the agricultural industry can take advantage of R&D tax credits and claims.Speak to us
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R&D Tax Claim for Agriculture
There is no shying away from research and development in agriculture, as it’s something that more and more businesses are embracing, and R&D tax credits are there to encourage this throughout the sector. This could involve developing a new way of doing things, creating new agricultural technology or utilising research findings to boost efficiency. If your business is carrying out research or development in the agricultural industry, you could be eligible for R&D tax credits for agriculture.
At RDS, we are on hand to guide agricultural businesses through the process of claiming R&D costs back from HMRC. We can help you to determine if your business - regardless of size, products or services - is eligible for R&D tax relief. If it is, our expert team is on hand to help you to make a successful claim. Our service is professional, experienced and straightforward.
Discover your potential claim value today
Use our handy R&D tax relief calculator to find out how much you could be claiming back.R&D Calculator
What activities qualify?
Please find below a few examples of activities that qualify as R&D expenditure in agriculture.
Developing new or improved agrictulture equipment.
Developing technology and processes to grow produce or make ingredients more efficiently.
Innovative usage of eco-friendly or sustainable materials or methods.
Developing innovative systems to overcome supply chain issues.
Developing irrigation systems and water treatment systems.Learn more
What can you claim?
Please find below what you can include in your R&D tax relief claim.
Staff costs including salaries and expenses.
Subcontractor and freelancer costs.
Consumables (materials used up during R&D and utilities).
Software directly employed in the R&D activity.
Travel and subsistence expenses.Learn more
Our Claim Process
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Frequently asked questions
Below are some of the most frequently asked questions we get regarding making an R&D tax relief claim. If you have any more questions please contact our team.
R&D tax credits is an incentive where UK limited companies can receive a reduction or rebate on their CT for funds spent on eligible R&D activities. This incentive was established by the government in 2000 and has continued to support businesses of all sizes and sectors to grow.
No, you do not need to create a new product to qualify for R&D tax credits. For instance, you can make significant advancement or appreciable improvement to existing machinery, in a manner that promotes efficiencies within your sector.
Yes, you can claim for unsuccessful projects if you can demonstrate that an advancement was sought, and you attempted to overcome the ‘uncertainties’ you faced during your research and development endeavours.
No, we do not bill you until you receive your benefit from HMRC. The relationship we build with our clients is based on the principles of trust and transparency. Therefore, the benefit is paid directly to you before you pay us for the services rendered.
For many firms, the prospect of R&D can seem daunting and extremely complex at first, therefore RDS aim to make the process as simple and straightforward from the onset.
Step 1: A 15-minute conversation with the Business Development Team, to discuss eligibility.
Step 2: Signing of the NDA/ client agreement, dictating the terms and conditions of our service.
Step 3: Arranging and undertaking a Project Technical Report call with your dedicated financial analyst. This will entail evidencing your developmental endeavours and apportioning financial calculations to support your application with HMRC.
Step 4: Reviewing compiled information to ensure you are completely satisfied with the information collated prior to its submission to HMRC.
Step 5: We actively monitor the status of the application to ensure that any benefit is realised within the anticipated timeframe.
HMRC aim to process payable credit claims within 28 days of receiving them. However, processing time can be affected by aspects such as, time of the year. There is a general increase in demand for months like March and December.