Are you using technology in the agricultural sector to improve efficiency and profitability?
Farming may not conjure up images of an industry at the forefront of R&D and yet British farmers and agricultural related businesses are some of the most innovative in the world, developing new techniques and tools in their quest to improve overall performance in this essential sector. Unfortunately many in this industry are unaware that they are eligible for an R&D tax claim.
Latest HMRC Statistics - Agriculture, Forestry & Fishing*
What qualifies as R&D in the agricultural sector?
The R&D tax credits scheme rewards any company that undertakes work to resolve a ‘scientific or technological uncertainty’ and in doing so increases the overall knowledge or capability in that field. Qualifying activities may include:
- Initiatives to improve sustainability, reduce environmental impact or enhance soil quality which lead to significant advances in agricultural methods.
- Development or adaption of machinery to improve a function specific to individual farming needs.
- Innovative use of technology and smart software to improve agricultural output.
- Developing and trialling better livestock feed systems.
Download our Agriculture leaflet to find out more
Why work with SciTax?
The R&D tax relief scheme is a highly technical and complex process. With extensive experience working within this field, we are well-positioned to help businesses in the agricultural sector and related industries claim for their innovation.
At SciTax, we take a supportive approach to guiding our clients through the entire claims process. We offer regular visits to your premises (where required) to discuss and review R&D activities to ensure we maximise your benefit. Additionally, we undertake as much of the R&D claim work as possible from identifying eligible projects, through to writing technical narratives, and calculating difficult R&D calculations.
Our support doesn’t end when we submit your claim. Our fee structure includes full enquiry support should your claim be investigated by HMRC.
Are you ready to start your R&D claim?
* Source: HMRC R&D tax credits statistics 2023.
