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 relief changes – everything you need to know for 2023

by Adam Park | January 27, 2023

Find out how how companies can meet the deadlines for R&D tax credit claims and all the key R&D tax relief changes coming into place in 2023.

Is R&D tax deductible? 

by Adam Park | December 21, 2022

Costs involved in R&D are tax deductible and there are two ways in which R&D costs can reduce a companies Corporation Tax liability. Firstly – with the usual deduction of 100% of the cost from your companies profits.  In addition, the R&D Tax Credit scheme allows a further deduction of 130% of eligible R&D costs, […]

Autumn Statement 2022: What it means for R&D in Your Business 

by Adam Park | November 24, 2022

Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax relief regime, including a cut to the deduction and credit rates for the SME scheme, the R&D tax credit. The rate of the large company scheme, the R&D expenditure credit (RDEC) will be increased from 13% to 20%, […]