Sectors > Agriculture

Agriculture

The agriculture sector has always been focused on innovation but R&D tax credits are often overlooked.

R&D Tax Credits for Agricultural Companies

In our experience, Agriculture businesses are populated by problem-solvers developing clever solutions to improve their production process or their product. Much of this activity qualifies for the R&D tax credits scheme.

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Harvesting the Benefits of Research and Development

620

Number of claims in 2020

£42017

Average SME claim

£200000

Average large company claim

Does your business qualify?

Research and development in the agricultural sector spans food production, engineering, even software development. There are many challenges and eligibility is everywhere. You just have to know where to look.

Examples of eligible R&D activities.

Using new techniques to increase yield.
Developing or modifying existing machinery or tools.
Reducing wastage of raw materials.
Adapting new fertilizers or pest control.
Software development for production analysis.
Introduction of unique IoT adoption.
Improving testing methods.
Process improvement and development

Types of eligible sector businesses:

Crops grow
Animal production
Fishing and aquaculture
Forestry and logging
Hunting and related service activities

Which costs can be claimed?

We have submitted many claims for agricultural companies when they had previously been told that they aren’t eligible. As specialists in this sector, we know which areas of agriculture expenditure qualify for the R&D tax credits incentive.

As an example, some of the allowable costs include staff wages, materials consumed, utilities, prototyping, subcontractors and software development.

TAKE R&D TAX QUIZ

R&D Tax Credit Calculator

The R&D tax credit calculator will help you estimate the potential cash value of your agriculture research and development.

How much could you claim in R&D Tax Credits this year?

Do you have more than 500 employees and turnover exceeding €100million?

How much have you spent on R&D?

£1000

What was your profit the same year?

£0

Our upfront fee

always £0

You could receive a payable tax credit of

£189

Cashback from investment in R&D

18.85%

Start your claim

* Your claim value is a total, which is made up from either corporate tax repayments, payable tax credits, or a combination of both, depending on your claim value and corporate status.

Maximising R&D Claims for Agricultural Companies

For over 12 years, we’ve been helping agricultural companies maximise the benefits from R&D expenditure. If you’re new to the incentive or claiming already, we will help you get the most out of your investment.

We’re not just tax advisors, we also develop technology.

This expertise enables us to identify and defend R&D work which may not present itself as eligible to accountants or other providers.

Our process is simple and easy.

We quickly tell you whether you’re eligible. And if so, we handle all the writing, preparation and submission of your R&D claim.

Success guaranteed.

For over 12 years we have been successfully submitting R&D claims with 100% success rate.

“G2 exceeded our expectations in dealing with our R&D tax credit claim. A clear structured approach with little drain on our resources.”

Mike Connaughton, Director – Webnet

Case Study. An Example of £217k Tax Credits Refund for R&D in Manufacturing

We helped a management team to reap the benefits of an innovative culture established over generations.

Read case study

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