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Markel Tax

21 Feb 2020

Markel Tax Incentives & Reliefs team attend the Food Manufacture Excellence Awards

With Markel Tax you really can have your cake and eat it! 

Members of the Markel Tax Incentives & Reliefs team joined hundreds of professionals from the food manufacturing industry as a sponsor at the Food Manufacture Excellence Awards on Thursday evening. The awards recognise those who have demonstrated significant achievements in their area of food manufacturing expertise and with a wide range of awards across 22 different categories it was great to see so many passionate and innovative winners.

The judges were looking for a number of different things including companies that had demonstrated the highest levels of quality assurance, commitment to the environment and a drive to improve efficiency in their sector – all three of these areas would be ripe for an R&D tax relief claim.

Our team of Chartered Tax Advisers, Chartered Accountants and PhD scientists and Engineers have a perfect success rate of R&D tax claims within the food manufacturing sector. Our team has worked with companies across a range of different sectors including:

  •  salt harvesting,
  • pie makers,
  •  meat curing for wholesalers and high street supermarkets,
  •  packaging specialists for ambient and frozen food companies,
  • vegetable processors,
  • soft and alcoholic drink manufacturers.

With this experience and relevant knowledge of the food manufacturing sector the team at Markel are able to work with companies to establish eligibility and the size of the claim. Once eligibility has been established, the Markel R&D tax specialists prepare a detailed technical report and breakdown of costs and submit the claim to HMRC, liaising with the HMRC to secure acceptance of the R&D claim. 

You don’t have to be award winning to make a claim! We can confirm by having a ten minute chat over the phone whether you have a valid claim, if you do you could be entitled to a payment of up to 33p for every £1 spent on R&D from HMRC

For a no obligation call please call  0114 236 4457 to discuss how you too can benefit from R&D tax relief. What have you got to lose? 

Next article in series

12 Feb 2020

Non-UK resident companies carrying on UK property business

The rental profits of UK property businesses generated by non-UK resident companies currently fall within the UK Income tax (IT) regime, with profits charged at a rate of 20%. However, from 6 April 2020, such profits will fall within the UK Corporation Tax (CT) regime, which is currently charged at a rate of 19%.