R&D in Soft Drinks
Industry Spotlight
How might a soft drinks company benefit from R&D tax relief?
Welcome to the world of soft drinks, where innovation and taste combine to quench the thirst of consumers around the globe. In this highly competitive industry, staying ahead of the curve is crucial, and that's where research and development (R&D) tax relief comes into play. Soft drinks companies have a unique opportunity to harness the benefits of R&D tax relief to fuel their innovation, drive product advancements, and gain a competitive edge.
Some examples of projects and activities that could qualify for research and development tax relief include:
R&D tax relief allows soft drinks companies to invest in research and development activities to create new and improved beverage formulations, exploring innovative flavours and ingredients.
Soft drinks companies can invest in research to develop and refine formulas that enhance the stability and longevity of their products.
By conducting R&D, companies can develop products that cater to changing consumer preferences, such as healthier options and natural ingredients there by staying ahead of market trends.
R&D efforts can focus on improving production techniques, automation, quality control systems and supply chain management, leading to enhanced operational efficiency and reduced costs.
R&D tax relief encourages soft drinks companies to invest in sustainable practices and technologies, including eco-friendly packaging materials, reducing carbon emissions and exploring alternative energy sources.
Doing anything innovative or industry advancing?
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Has your company engaged in this type of activity in the past?
If you believe your soft drinks company could benefit from R&D tax relief, please do not hesitate to contact us today.
Our team of experts is here to help you navigate the complexities of research and development tax relief and ensure that you receive the maximum benefit for your innovative work.
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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.
RDEC
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.
Partner Program
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.
Accountancy Services
Through BC&A Chartered Accountants, we offer a range of accountancy services including company formations, business planning, taxation and compliance services and more.