Research and development tax credits are gaining an increasing presence within brewers and drinks wholesalers. Pumped Business Solutions are providing more and more advice to both brewers, on trade outlets and their supply chain with regard to R&D tax credits.
A classic example of where Tax Credits can be claimed would be the restaurant sector. Many restaurants do not understand where research and development tax credits can be made and how between 40% and 60% of restaurants would have a valid claim for things like menu changes, experimenting with food and preparation and failed projects. The average claim for restaurants currently is around £45,000. Pumped Business Solutions managing director Jon Lee said "It is our goal to make sure that's all restaurants, pubs, clubs, bars and groups understand the legislation surrounding research and development tax credits. We want to ensure all outlets maximize every claim that we make. There are tough times ahead in the drinks industry so anything that Pumped Business Solutions could do to maximise any reward would be a great help and would prevent in some cases the closure of businesses altogether".
