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The Caterer: Operators not reaping the creative benefits from tax relief

Date: July 13, 2017

Operators experimenting with new recipes and techniques could gain the competitive edge by taking advantage of Research and Development (R&D) tax relief, according to research by Catax.

Over 50% of respondents said they have spent time and money “developing a new product over the past two years” whether it be creating new recipes or food preparation processes.

However the survey of 500 bosses found that three in five (60%) restaurant owners and managers in the UK have never heard of R&D tax relief.

Nearly half (46%) of restaurant owners and managers that had heard of it thought it was restricted to specialist tech, drug and science companies and not available to hospitality businesses.

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