Everything you need to know about Research and Development (R&D) Tax Credits | Green Jellyfish

Research and Development tax credits are a government tax scheme which rewards UK businesses for being innovative.

Essentially, every time you develop new products/processes/services or enhance existing ones, you can claim back money in order to support these developmental processes within your business.

Examples of innovation development in industries:

Food & Drink Sector –

– Development of a new flavour, product or variety – Using new machinery and implementing new processes – Changes to the current formulation/production of an existing product

– Changes in the packaging of the product