R&D Tax Relief for the Wine Industry | MHA Carpenter Box

R&D Tax Relief for the Wine Industry

R&D tax relief can either reduce your business’ tax liability or, in some cases, enable you to obtain a cash repayment known as the R&D tax credit. The amount of relief that is available depends on the size of your business. In summary the Small and Medium Enterprise (SME) scheme provides a 230% total deduction against profits or a 14.5% repayable tax credit.

Find out more about R&D Tax Relief for the Wine Industry.

If you have any questions about R&D for vineyards, please contact John Billings, Head of Vineyards, on 01293 227670.