Ming Foods
Leading Chinese food manufacturer Ming Foods approached GrantTree to file an R&D Tax Credits claim for experimental work it had conducted developing an additive and gluten-free food product, and a new cooling system for its production line. Here is how our tax and technical experts helped them maximise their windfall.
Calling on our deep technical expertise, we scoured Ming Food’s development work and uncovered £579,000 worth of expenditure that was eligible for R&D Tax Relief.
Leveraging the tax credits scheme’s surrenderable losses facility, we then converted this sum into a payable cash credit, delivering a cash payout worth over £125,000.
Ming Foods reinvested this money in additional R&D and a second manufacturing line predominantly used for experimental products.
Identified £579,000 of eligible expenditure
Secured £128,000 R&D Tax Credit payout
Tax credit reinvested in new products and R&D
GrantTree’s team of tax credits experts will make sure you’re claiming for every penny possible. Unlike our competitors, we invest in people who understand both policy and your technology. That’s how we’re able to maximise your claim size while ensuring you stay 100% compliant.
If you want to make sure you’re receiving every penny possible, give us a call. Our experts are standing by to help.