£41k tax saving for Berkshire-based ingredients supplier

We were introduced to a small but innovative and growth-focussed £1m turnover ingredients supplier, based in Berkshire, by another company who we’d previously done a claim for. The company’s Accountant hadn’t mentioned to them that they might be eligible to claim, despite them spending a reasonably significant amount of time developing new tastes and texture solutions for the bakery sector.

If you need advice on claiming R&D tax credits, please get in touch with the expert team here at Luvo and we’ll be happy to help.

As a consequence, the MD of the business decided to change their Accountant but was thankfully delighted with the support we provided, so much so that we’ve now supported 5 claims – the most recent of which resulted in a tax saving of £41.5k.