01633 860 021 hello@zest.tax

Dairy R&D | Farm Claims £145,000 using Tax Credits for On-Farm Research and Development

by Adam Park | May 17, 2021

We've recently finalised a claim for our client who performed Research and Development on their dairy farm. The client was performing standard tests and trials on their farm which ensured they were getting the best possible results with their silaging and feed mixing. Zest R&D was able to confirm that these tests addressed a number of technical uncertainties. By addressing these uncertainties the tests met HMRC's criteria, qualifying as Dairy R&D.

What Qualifies as Dairy R&D?

In this instance, the farm was conducting R&D into different silaging techniques, feed mixing technique, and feed types. The R&D was required to determine how to achieve the best results from their herd. Any dairy farm could be performing R&D, especially if they are performing trials, or making adaptions that increase knowledge in the field.

How Did Zest Help?

Zest were able to use their specialist agricultuaral knowledge to guide the client when making a claim. They were able to determine what work was eligible for the R&D Tax Credit, and how to maximise the costs that were being claimed. This specialist knowledge ensured they got the highest possible return for their claim.

In fact - Zest's average R&D claim within agriculture is over £150,000. That's more than treble the industry average of £45,000.

For another example of a dairy R&D claim - read here. Or you can get in touch using the link below.

Other news stories

R&D Tax Credits in Construction

by Adam Park | July 4, 2022

Running a building project is never easy. In fact on many projects – builders, site managers, foreman, construction directors and draughtsman are involved in solving problems for their clients. And solving problems for their clients could mean that their company qualifies for R&D tax credits for construction. The proof is often in the pudding – […]

What does HMRC’s payout slowdown mean for R&D tax credit claims? 

by Adam Park | June 16, 2022

Last month HMRC announced that its slowing down payments on several R&D tax credit claims while it focuses on combating fraud and abuse of the scheme. 

How far back can you claim R&D tax credits? 

by Adam Park | May 26, 2022

R&D Tax Credits are government-backed incentives for innovative businesses with the relief often worth around a quarter of qualifying spend on R&D. A company can make a claim for R&D tax credit relief for any accounting periods ending in the past two years (24 months). Before this period ends you must submit an (R&D) tax […]