Datafox specialises in making R&D Tax Credit claims for those in the Chemicals Industry
Datafox is an expert in making successful R&D Tax Credit claims for those within the Chemicals Industry
Looking for a great funding solution?
The chemicals industry is one of the UK’s largest, most essential industries that gives revenue of approximately 62.8 Bn Euros and a GVA (gross value added) of around £18.3 Bn. From the R&D Tax Credits point of view, the chemicals industry is one of the most popular sectors because of the extensive amount of research that is undertaken in the field. Chemical companies routinely develop and improve formulations for new products and are thus, eligible to receive R&D Tax Relief. Whether it’s experimenting, producing, or applying chemicals and materials in laboratories or large industrial plants, any R&D in the chemicals sector can qualify for R&D Tax Credits.
Innovations in the chemical sector and chemical engineering often have a significant impact on our day-to-day lives. Some chemical products like soaps, detergents and cleaning products are purchased directly by the customers, whereas some as ingredients in other chemical processes or product development. Regardless of their end-use, chemical products play a vital role in our daily lives in some form or the other. Even though a majority of chemical companies spend considerable time and money on R&D, many of them are still missing out on R&D Tax Credits. Some of the areas that could qualify for R&D Tax Relief in the chemicals sector are:
- Experimenting with chemical structures to develop new formulations
- Manufacturing custom chemical ingredients to use them as raw materials in pharmaceutical industries and other chemical-based R&D.
- Combining organic, inorganic, and biochemical substances to reduce the energy of activation, increase selectivity, and reduce energy usage.
- Innovatively using nanomaterials to improve chemical processes
- Working with petrochemicals such as in gas & oil refineries and reducing their impact on the environment
- Using organic products to develop environment-friendly chemicals
- Developing innovative methods of purifying and recycling products
- Reducing carbon dioxide emissions through technological innovations
- Solving any technical glitches during the chemical production process
Why Choose Datafox for Chemicals Industry related R&D Tax Credit Claims?
Datafox is an expert in making R&D Tax Credit claims for those within the chemicals industry. Our tax specialists have worked on several claims for businesses in this sector and can provide the correct guidance and solutions to your organisation. We can identify all the opportunities and qualifying costs in your R&D so you can receive the maximum cashback for your innovation. Datafox does not charge any upfront costs and operates on a No-Win-No-Fee basis, so you can enjoy a secure and risk-free claims process.
Innovation in the Chemicals Industry
From innovation in speciality chemicals such as bridging and vibration reduction to fine chemicals, polymers, composites, and green chemicals, the scope of innovation in the chemical sector is tremendous. Regardless of the scope and outcome of your innovation, we can help you gain funding through the R&D Tax Credit scheme. Simply call us on 0800 035 2510 or email us at email@example.com to check if your business is eligible and start your claim!
Ready to apply?
If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.
By completing the above contact form you consent that Datafox can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.
Stuff you need to know
Learn about the changes related to R&D Tax Credits announced in the autumn budget 2021 and how they impact businesses in the UK.read more
Learn how innovation and R&D are the key to success in the cosmetics industry.read more
Learn how the pandemic has accelerated innovation in retail and how businesses can make the most of R&D Tax Credits.read more
SKNHEAD Case Study – Impossible Made Possible
Innovation and versatility are not easy to achieve when it comes to cosmetics, but SKNHEAD managed to attain both in their exclusive range of unique male skincare and grooming products. Developed with tireless precision by celebrity hairdresser Adee Phelan, the SKNHEAD range includes a variety of grooming essentials for men such as a shampoo, styling clay, a toner, hair pomade, a hair styling spray, a foaming cream and the most cutting-edge 4-in-1 skin moisturising and hair treatment cream designed to work on tattooed skin, face, beard and hair.