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