UK Food And Drink Makers Boost Spending On Innovation, Study Finds
The expenditure on innovation by food and drinks manufacturers in the UK increased by 13% to £800 million in 2021/22, according to Ryan.
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The expenditure on innovation by food and drinks manufacturers in the UK increased by 13% to £800 million in 2021/22, according to Ryan.
Businesses in food and drink manufacturing spent £800m on research and development (R&D) in 2021/22.
R&D tax relief was introduced in 2000 to encourage and reward innovation
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HM Revenue and Customs (HMRC) has announced that the rollout of the new additional information form that is required to support all claims for Research and Development (R&D) tax relief or expenditure credit has been pushed back by seven days.