THIS R&D completed a third R&D submission for a client in the coffee business. In the financial year 2020 the company had greatly expanded its product line - adding 11 new products.
Industry: Drinks/Coffee Business
Project Date: January 2021
Each were individually assessed, to apportion the staff, subcontractor and consumable costs as R&D qualifying expenditure.
The analysis showed a 500 % increase in the claims value from the prior submission. This demonstrates the importance of tracking R&D costs between financial years, which THIS R&D offer assistance with as part of our service.