Datafox specialise in R&D Tax Credits for the Cosmetics industry
Datafox specialises in delivering R&D Tax Credits for those within the Cosmetics industry.
Looking for a beautiful funding solution?
The beauty industry generates around £30 billion annually for the UK economy. The largest share of this came from purchases of care and maintenance products, worth £10.4 billion. A further £8.7 billion was generated through purchases of personal enhancement products, while £8 billion was spent on the huge range of beauty services.
The Cosmetics industry is increasingly required to find alternative chemical product formulations that meet both the natural skincare trend as well as the need for sustainability. It’s a highly competitive industry and as such companies are continually innovating to gain a competitive advantage.
Differentials are achieved via product development, technology innovations, as well as unique packaging materials. Chemists and cosmetic engineers are continuously involved in research and development to devise products and production processes to satisfy customer’s requirements.
Therefore, there are many opportunities for potential R&D Tax Credit claims, such as:
- Develop new or improved chemical product formulations
- Develop and test new or improved packaging and packaging equipment
- Generate prototypes and samples of new products for testing and validation
- Develop new or improved distribution methods
- Develop or upgrade technology and software used within the R&D process
Datafox specialise in the Cosmetics industry
Datafox specialises in the Cosmetics industry. We understand your business and industry enabling our team of claim experts to successfully process your submission quickly and accurately keeping you informed of the progress every step of the way. In the last 12 months, the Datafox Research and Development Tax Credit Experts have processed £30 million pounds worth of claims on a NO WIN NO FEE BASIS and with NO UPFRONT costs.
Beauty Industry Products
The Beauty industry from manufacturers, wholesalers, retailers and service providers are innovating within their businesses to improve efficiency and gain a competitive advantage. Whatever stage your business is within the distribution process, you could be rewarded for your innovation via the research and development tax credits scheme.
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.
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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.