R&D in fishing
R&D can be used to develop new and sustainable aquaculture practices such as
- Breeding programs for selective traits.
- Improved fish feeds.
- Disease control.
Collaborating with universities, research institutions or industry associations to conduct joint R&D projects focused on improving fishing practices, sustainability or technological advancements may also qualify for R&D tax relief.
R&D can be used to develop methods for sustainable fishing such as
- Selective fishing.
- Gear closed areas.
- Fishing quotas.
R&D can be used to develop new fishing technologies such as
- Underwater cameras
- Sonar systems
- Fishing drones,
This can help improve the accuracy and efficiency of fishing operations.
R&D can be used to analyse fishing data such as
- Fish stocks and fishing grounds
- To improve the accuracy of fishing forecasts
- Help prevent overfishing.
R&D activities can involve the development of advanced technologies for fishing vessels such as
- Improving fuel efficiency
- Optimizing navigation systems
- Integrating electronic monitoring and reporting systems.
R&D can be used to develop new seafood processing technologies, such as high-pressure processing, which can help extend the shelf life of seafood products and improve their quality.
Fishing companies can engage in R&D activities that promote sustainable fishing practices and marine conservation. These activities can include developing new techniques for reducing bycatch, improving stock assessment and protecting endangered species.
Fishing companies may engage in R&D activities to explore new fish species or markets, conducting studies on their viability, market demand and potential commercialization.
A fishing company may carry out R&D to develop sustainable fishing practices to ensure the long-term viability of their operations while minimizing their impact on the environment.
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R&D Tax Relief
From initial discovery call and information gathering through to claim preparation, supporting documentation and submission. We're your expert partner in R&D tax relief submissions.
For larger companies we can support claim preparations under the RDEC (Research & Development Expenditure Credit) scheme, ensuring robust, defensible and maximised claims .
HMRC Enquiry Support
We'll liaise with HMRC on your behalf, ensuring no unnecessary delays on receiving your claim and no unfair reductions. This service is provided as standard for our clients.
R&D Claim Review
If you're making an R&D tax relief claim, our team can help ensure you're compliant with the latest legislation and identify any potential claim uplift. Speak to our team for more information.
If you work with innovative businesses and you're interested in partnering with us to ensure your clients are maximising their R&D tax relief, speak to our partner program lead.