Does your business operate in the Winery and Vineyard sector? You may qualify for R&D tax relief
Transformation and technological development are daily challenges for companies in the winery sector. However, resolving many of these technical challenges often qualifies as research and development from a tax perspective. What’s more, if you’re undertaking any sort of new product development (NPD) you’re more likely to be eligible for generous tax relief.
Food and beverage experts who really understand your business
We know that only a food and beverage specialist can truly understand your business and your projects. Here at Ayming, we have tax & accounting professionals who have worked in the food and beverage sector – meaning we offer peer to peer conversations with your team in order to identify all eligible expenditure for your food and beverage research and development tax claims.
What counts as R&D?
If your business is involved with any of the following areas and you are not already claiming R&D tax relief, then it’s likely that you could be.
Projects that may qualify for R&D tax relief include:
- Developing new or improving bottling, corking, and packaging processes
- Developing new or improving filtration and fermentation techniques
- Testing/researching grape strains for new flavours/tastes
- Developing new or improving vineyard irrigation systems
- Improving recipes with new organic ingredients, supplements, and/or nutrients
- Utilising new preservatives and designing packaging for shelf life longevity
- Developing new or improved sustainable energy efforts to decrease carbon footprint
- Prototyping different products and improving manufacturing processes
Why Ayming?
We are proud to have achieved a claim acceptance rate of 100% and a claim value acceptance rate of over 98%. We have claimed more than £600m of R&D tax credits for our UK clients to date.
By choosing Ayming, you’re choosing the UK’s R&D market leader for the food and beverage sector.
Our specialist team will:
- Ensure minimum impact on your time & resources
- Streamline your internal processes
- Optimise the value of your claims
- Ensure that your claims are robust & low risk.
Our process is designed to minimise interruptions to your time and resources.
We will work closely with your internal R&D management team to accurately apply the appropriate tax code to provide the maximum benefit to your business.
Before submitting your claim, we make sure that we:
- Meet with your technical and financial points of contact
- Analyse all of your relevant data and review your development cycle
- Analyse all past assessments and credit applications
We analyse all of your expenses and activities – both past and present – in order to determine the true extent of your eligibility, not just the obvious low hanging fruit.