The majority of restaurant owners in Britain either don’t know about research and development (R&D) tax relief, or don’t consider that they could qualify for it. It may not seem like an innovative technique for removing skin from trout or ageing beef could be considered an area for tax relief, but all that is required is a restaurant coming up with a solution that isn’t present in the market. Restaurant owners could bring in thousands, or even millions, of dollars for the work they’ve done in research and development, and use it to pay tax bills or to fund more food research.
Read more: Restaurants warned they could be missing out on millions in R&D tax relief
