Tax Relief Claims - why is the Agriculture Sector not claiming ?
- Thread starter Rob Sinclair
- Start date
Nearly
Member
- Location
- North of York
If it's a cost then it's already going through the books.
Calling it R&D just makes it trendy.
Putting advert on a forum as a normal post doesn't mean it's not an advert.
Calling it R&D just makes it trendy.
Putting advert on a forum as a normal post doesn't mean it's not an advert.
d williams
Member
Would that be because it’s taking advantage of some poorly written rules ??
Would these companies pay back their fees if a successful court case was brought be hmcr ???
I do know of companies successful in reclaim tax but not to sure they sleep easy at night
Not at all - its a tax break that exists to support innovation and business growth. It exists because our government wants to increase productivity. It is in no way "dodgy" or poorly written rules
ridger
Member
- Location
- Tyrone, Northern Ireland
How do I overcome this, buy a submarine?
d williams
Member
I never said dodgy and yes there are advantages to it
Could you explain more as to the scheme you put together would direct drilling come into it ??
Nearly
Member
- Location
- North of York
Not ltd. So I've to run my own r&d budget.
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
That would depend in part on how you had claimed tax relief on machinery
- Location
- South Wales UK
Research =what crop ,what markets ,diversification etc is it under that banner?
Development = putting into practice, sowing crops , going into a diversification or renewable possibly is it?
Then how to calculate all of this into figures and implement into your accounts is it and then" angle", to get relief of The Revenue???
Development = putting into practice, sowing crops , going into a diversification or renewable possibly is it?
Then how to calculate all of this into figures and implement into your accounts is it and then" angle", to get relief of The Revenue???
Goweresque
Member
- Location
- North Wilts
Be very careful, there are a lot of cowboys out there in this business sector, its entirely unregulated:
https://www.scotsman.com/business/companies/alarm-sounded-on-r-d-tax-relief-cowboys-1-4758924
https://www.scotsman.com/business/companies/alarm-sounded-on-r-d-tax-relief-cowboys-1-4758924
Research the value of Rice as a crop.
Develop sale of said crop to Kellogs for their Krispies.
Research the viability of no till farming and the extensive use of cover crops to improve organic matter in my land?
Now THAT would intrigue me....
Now THAT would intrigue me....
- Location
- Warwickshire
I do R & D with my neighbours in the pub, can I get tax relief on beer ?
It looks bad, and yet another problem to be solved.Be aware that changes or improvements to irrigation, to put it right or try and prevent it happening again will be claimable.........
ridger
Member
- Location
- Tyrone, Northern Ireland
River needs dredged, but that's a whole other thread
Yes it would - when you improve,develop,test,use new processes ( management ), new herbicides,and use new equipment, which are all activities your Direct Drilling could require. You should get in touch and we can discuss your specific situation.
Thank you, you should always be careful who you deal with - our Senior Consultant sits on the R&D Consultative Committe for HMRC, so we are well respected and have a 100% success rate with claims and HMRC.
- Location
- Moreton-in-Marsh, Glos
Surely Tax relief only works when there is a Tax to pay?
So those that are fortunate enough to be in a position to have generated a tax (from profits) can take advantage of the relief, while those that didn't carry on struggling!
Or are the laws on Corporation Tax different, hence this is why this relief is only available to Ltd Liabilities?
So those that are fortunate enough to be in a position to have generated a tax (from profits) can take advantage of the relief, while those that didn't carry on struggling!
Or are the laws on Corporation Tax different, hence this is why this relief is only available to Ltd Liabilities?