R&D within the Chemicals industry.
Sector Overview – Chemicals

Within the latest HMRC statistics on R&D tax credits, we can see that only 19.5% of all claims made under the SME scheme, were for companies operating in the “Professional, Scientific & Technical ” sector. This accounts for 26% of the total value of claims.

The average claim value was £72,260.

Research and Development Tax Credits within the Chemicals sector

Producers of chemical based products will know just how much testing takes place. As this is a sector based in the field of chemistry, this results in many of the uncertainties that they face, being science related.

Eligibility for R&D tax credits centres around the two key areas of either:

Producing new or improved products.

Design and development of a product involving some degree of uncertainty for which the answers were not obvious.

As well as there being a huge number of scientific uncertainties being faced on a daily basis, there are also substantial technological uncertainties. These often occur when designing product application systems.

Examples of scientific and technological uncertainties faced in the chemicals sector

Testimonials from our Chemicals clients

  • Fiscale came recommended by an industry colleague and we knew we had an R&D case, but underestimated the time we all put into new developments. It was only by thinking it through with Fiscale, during their first visit, that the reality shone through. We all get paid anyhow, so our “New-Stuff” efforts were absorbed in the day to day tasks and totally underestimated. Thanks for shining the light guys!!!

    Mark Ramsden, CPC Chemicals

Sound like familiar challenges? Call Fiscale Today!

Why not contact us today to discuss your business’ R&D tax relief? It only takes our team around 20 minutes to determine if you are eligible or not.