R&D Tax Credits and Capital Allowances
R&D tax credits and Capital Allowance can help enhance cashflow into your business
R&D Tax Credits
- Reduce your corporate tax bill, cash benefit or receive a tax refund
- Find out what activities qualify as R&D
- Claim an average of £45,000, like hundreds of other agricultural businesses
Capital Allowances
- Tax relief that incentivise businesses to invest in capital expenditure
- Deducting the value of qualifying spends from profits, before calculating tax liability
- Claim tax credits or refunds if the business is loss making
Our Process
Claiming for research and development tax relief has been made easy, with the help of our financial experts
Consultation phase
The consultation process will begin with a phone call to discuss your eligibility, followed by a meeting either on-site, phone or video call.
Discovery process
A team of tax experts will carry out a detailed discovery process, helping to uncover all eligible projects and associated costs.
Report writing
Your dedicated consultants will build a technical and financial report that will be used to substantiate your R&D claim.
Claim submission
You will receive the final report from Leyton, who will also support you in submitting your claim to HMRC.
About Leyton
We are the UK’s largest innovation funding consultancy. We work with over 6,000 innovative companies, and our unrivalled technical expertise and resources position us to help businesses of all sizes benefit from valuable government tax incentives. Working in close partnership with our clients, our highly experienced consultants and sector experts tailor bespoke strategies for each business. We thoroughly explore their business activities to ensure all potential qualifying costs are considered and the maximum benefit is achieved.
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Find out if you're eligible
To find out if your business is eligible, simply fill out a short form and a tax expert will contact you at a convenient time.
Case Studies
Alvis Brothers
Alvis brothers are undertaking a long term research objective which aims to minimise the environmental impact of its farming practices via conducting responsible farming techniques. This is a key part of the company’s ethos, and as such, they have undergone significant development work in attempts in improve the sustainability of their practices and become carbon neutral by 2032. This aims to include all farming (arable and livestock), cheese production and shipping processes, and these changes would all represent a significant advancement across the farming and food production industries resulting in a dramatic increase in the sustainability of the company’s core business.
The process
The company has sought to identify the key areas that have shown potential to offset emissions, and develop a 10 year strategy to become carbon neutral. A key research objective was to develop sampling and analysis methods by which to assess carbon sequestration levels so as to investigate the impact of experimental and environmental farming strategies, including investigating unique crop rotation methodologies and trialling innovative livestock grazing techniques.
Benton Farm
The money we claimed has gone back into the farm, into things like updating machinery and looking at new methods of research going forward. The key advantage of the scheme is the extra money coming in which makes a big difference to what you are able to put back in to your business.
Innovation
Benton Farm’s R&D is centred around trying to improve soil structure, land health, skin finish and yield. They try and use different fertilisers with micronutrients, not just standard products. They are working towards to use of more organic fertilisers and are aiming to get their soil structure in a place where they have more organic products, to achieve this the farm needed to invest in new systems.
Astridge Farm, Pembrokeshire
I think many dairy farms would be amazed that they can claim for the work they are already doing, simply working on innovative methods to improve output and trying new things can make you eligible. Without trying too hard this activity falls into the R&D qualifying areas and a possible tax rebate. I would say that you just need the guidance and expertise of Leyton to find that qualifying activity, they work with farming businesses who are doing this all the time so Leyton really know what they are looking for.
Business benefit
The client commented that scheme is particularly useful in the current environment as farmers need all the help they can get. For many dairy farmers, their answer to a dwindling milk price is producing more of product to get the same turnover and pay for the overheads. Trying new techniques is an ongoing thing for many dairy farmers and therefore they could be financial benefitting from this scheme.