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.
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.
When researching new products to develop or to improve, exact formulations and precise quantities are often unknown. As a result, it’s often essential for companies to experiment with different ingredients that are used for each new formulation.
Each product being developed will need a great deal of research and development (R&D), before it’s ready for market. As a result, many of the scientific uncertainties will arise during the formulation phase. This is because products needs a precise ratio of raw materials, with any slight alteration directly impacting the properties of the product. Therefore, causing the batch to be unsuitable for production.
Following the successful development of a new product, some technological uncertainties can arise during testing. This is because companies need to ensure that each new product is safe for sale and also maintain their performance. As there are such a large number of variables to consider, a thorough process of trial and experimentation is often needed.
Following a product launch, companies can still face new challenges. These can occur through changes to legislation which can limit the use of certain ingredients that are used in a formulation. As a result, the formulation will need to be reworked.
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
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.