We are grateful to the team at Rift for sponsoring our speaker stage at this year’s show and some news from Rift’s Technical MD Sarah Collins:
“According to HMRC’s Research and Development Tax Credit Statistics: Only £40 million (0.54%) out of an estimated £7.4 billion of R&D Tax Relief was claimed by the Agriculture, Forestry and Fishing sectors for the year ending March 2020.
Despite innovation being commonplace there are certain sectors in which take up remains low and Agriculture is one of these.
It is RIFT R&D’s aim to assist companies in the Agricultural space, to proactively access the valuable revenue stream offered by the R&D Tax Credit scheme.
Who are we and what do we do?
The RIFT Group is a family business, established in Kent in 1999.
We work closely with innovative businesses to assist them in claiming valuable R&D tax relief on their development expenditure.
Are you eligible to claim and what can you claim for?
You must be eligible to pay Corporation Tax. You don’t need to actually be paying it so you could be in losses or pre trade.
You will be spending money on improving a product or service or overcoming challenges. Your project is likely to qualify if you have;
• Required the experience of qualified experts.
• Had an element of trial and error.
• Been unsure whether you would find the right solution.
• Been aiming for an advance in your sector.
• Failed to achieve what you set out to accomplish”
www.riftresearch.com
