date:Oct 09, 2023
pite this rise in expenditure, the number of RD tax relief claims made by the sector fell by 1.4% from 2,095 to 2,065. In total, claims of 120 million in RD tax relief were made for food and drink manufacturing, with an average claim value of 58,111.
The food and drink sectors spending performance was better than UK industry as a whole. Total RD spending by UK businesses rose by 8% to 44.1 billion in 2021/22. However, the number of first-time claimants has fallen for the second year running.
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