Sector: Manufacturing and hospitality
Geographic location: London
Qualifying R&D expenditure identified: £123,163
This included costs for:
Additional tax benefit from claim: £30,000
Research and development lies at the heart of Hackney-based CRATE Brewery, with the company, which produces 500,000 litres of beer each year and runs three retail bars, constantly evolving and updating its own-brand recipes with tweaks, trials and experimental brews.
With the CRATE team having a vague understanding of the tax relief available and the benefits it would bring, we helped them to identify a spend of more than £123,000 on R&D activities during the last two tax years, which resulted in a tax saving of more than £30,000.
“Champion made everything so easy. They did all the leg work and we just had to review it. The claim couldn’t have come at a better time for the business. We’re in the middle of a large expansion, so it not only saved us money but made us more aware of how to make the most of our innovative brewers and how we produce the beer.
“We have always been very active with research and development, every day and with every brew, and R&D tax relief is another added bonus of us continuing to push the boundaries!”
Jess Seaton, director of CRATE Brewery
Champion Accountants has so far helped SMEs across the UK claim more than £15m in R&D relief – with a 100 per cent success rate.
To see what you could claim, contact David Herd on:
Every three years, employers must re-enrol eligible employees back into their workplace pension sche...
You may think a company car offers great benefits for both the business and the employee, but have y...
Our Management Accounts service takes this headache away from you. By providing accu...
We help raise finance, advising on the best methods for a given situation, identify ...
MQI Limited develops complex manufacturing execution software systems which support regulatory requirements while reducing risk, lowering costs, improving efficiency and speed to market.