Farming & Agriculture

Farming and Agriculture projects that may qualify for R&D tax relief include:

• Use of fertilisers, pest and weed control;
• Adapting to atmospheric conditions e.g. silage wrap;
• Adaption of existing machinery or the development of new machinery and components;
• Soil management techniques to maximise yields and use of smart irrigation technology;
• Reduction of waste and/or reuse of waste products e.g. bio-fuels;
• Feed supplements to improve livestock production and reproduction;
• Introduction or use of satellite technology, sensors and drones; or,
• Vertical farming or hydroponics.

What activities can be included in a R&D project?

• Overcoming challenges and uncertainties;
• Designing and making products;
• Suggesting a more cost effective process;
• Suggesting a more time efficient process;
• Time spent researching and development of current projects;
• Seeking to improve processes, services, materials or devices;
• Production of prototypes or performance testing;
• Development of software or IT solutions;
• Investment in failed projects or developed products that are never launched/used;
• Efficiency of product, process or service;
• Employing any staff of a highly skilled background or with technical or scientific background;

What expenditure can be claimed for in a R&D project?

• Staff Costs – PAYE employee costs (salary, national insurance and employer pension) are apportioned for their time spent on the R&D project plus any reimbursed associated business expenses.
• Subcontracted R&D – You can claim 65% of what you paid your subcontractor in respect of R&D activities
• Software – Purchased for R&D purposes and costs apportioned for any subsequent use.
• Utilities & Consumables – Water, fuel, power, wastage material and material used in the project.
• Prototypes – Produced for R&D purposes

Get in touch today to see how we can help you with your R&D tax claim.