Packaging R&D Tax Credits
With more focus on recycling and sustainability, industry has been carrying out research into more efficient, less bulky packaging.If your company has been involved in this research, you could benefit from packaging R&D tax credits.These tax credits can cover many of the expenses connected to researching and developing new products and processes. These include:
- Staff costs
- Software costs
Can I claim packaging R&D tax credits?
Almost any company involved in the packaging industry can claim packaging R&D tax credits. Your business will be eligible for R&D tax credits if:
- You are a limited company subject to corporation tax
- You are actively involved in developing new products and processes, or improving existing ones
- You have spent money on research and development
Packaging R&D tax credits can take the form of a direct cash payment or a reduction in corporation tax. Making a claim will free up even more funds to invest in new products, helping your company to grow.
When you work with RandD Tax, you will benefit from a FREE ASSESSMENT. If you aren’t completely sure you are eligible for R&D tax credits, this is a risk free way to find out.
We also offer our full tax consultancy service on a no win, no fee basis. We will identify if you are eligible to make a claim, what scheme you can claim under and how much you are likely to benefit from.
How to claim packaging R&D tax credits
Contact RandD Tax today to begin your claim for packaging R&D tax credits.
Our experienced team have all the knowledge and experience needed to process your claim as quickly as possible, so you get your incentive as soon as you can.
We have helped hundreds of companies claim R&D tax credits, whether they are in the packaging industry or any other.
To see how we could help your company, contact us today.
Get in touch today regarding packaging R&D tax credits