Where there’s a change there’s a claim
It is hard to believe that R&D tax relief will have been around for 20 years next year. Many businesses are only now realising R&D tax relief is something they are able to harness, often for developing products and services they thought were just part of what they do. Here are some recent examples of claims we have completed. Food and drink • A specialist beer brewer devising new brews and blends which have impacts on the beer’s shelf life, health considerations, allergies and intolerances. • Design of new snack product ranges – a high street coffee shop chain that needs to devise regular new taste ideas and follow the latest trends, overcoming issues of shelf life, allergies and intolerances and healthy eating considerations while still tasting good. • Design of small packets of, especially, alcoholic ingredients for cooking, to avoid wastage. Construction and utilities • A new method of laying mains services under roads. • Modification of boilers by service engineers in the field to enable them to accept parts from another manufacturer.
IT and software • Use of advanced radar and infra-red technology for laser tag games along with the associated software programming.
James Geary, head of corporate tax at Randall & Payne
• Adapting digital marketing methods for new software releases from the likes of Google, or reacting to changes in its ranking rules. • Design and integration of advanced ordering and accounting systems for a company selling hundreds or thousands of product combinations in gift hampers. Manufacturing • Small batch manufacturing eg, creating replacement parts for vintage steam locomotives. • Modifying and improving farm trailer design. These examples barely scratch the surface in terms of how wide this relief can be. As always, the advice is to speak to a specialist to see if your business might qualify. With a strict two-year time limit for making claims, you really might be leaving cash on the table l Contact James Geary for a free no-obligation meeting by emailing james.geary@randall-payne. co.uk or call 01242 776000
December 2019 | www. punchline-gloucester .com | 19
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