Chemicals
Chemical R&D Tax Credits
Chemical production is a very important sector in the UK. Chemical companies have an annual turnover of around £50bn annually, which the chemical sector accounts for 7% of the country’s manufacturing output.
As companies seek more efficient production methods and safer practices, there are many parts of the industry that could benefit by claiming chemical R&D tax credits.
At RandD Tax, we can help you claim your full entitlement of tax credits. This can take the form of a direct cash payment, or a reduction in corporation tax.
Whichever form your payment takes, R&D tax credits can be used to fund many of the expenses connected to developing new products or processes, including:
- Staff costs
- Software expenses
- Sub-contractors
- Consumables
Claiming chemical R&D tax credits can help cover the initial outlay that comes from research and development, helping your business to innovate and grow.
Can I claim chemical R&D tax credits?
Almost any business in the chemicals sector can claim R&D tax credits, as long as:
- It is a limited company, subject to corporation tax
- It takes part in researching or developing new products or processes – or improving existing ones
- It spends money on these projects
However, it can be difficult to identify which projects are eligible or what scheme you should claim under. That is where RandD Tax comes in.
We offer a FREE ASSESSMENT which will show if you can claim and how much you are likely to benefit from. Our experienced tax consultants will be on hand to support you throughout the entire claims process, from the initial assessment to your final payment.
We offer a no win, no fee claims process. There is no risk to claiming chemical R&D tax credits with RandD Tax.
How to claim chemicals R&D tax credits
RandD Tax are here to make the claims process as straightforward and fast as possible. We will be able to answer any questions you may have, and can also support you with any enquiries from HMRC.
We understand that claiming R&D tax credits can be complex and time consuming, especially if you don’t have experience of the claims process.
That is why we are here to process the claim for you, so you can concentrate on developing new products.
Contact RandD Tax to make your claim today.
If you still aren’t sure, read this case study about companies that have benefitted from R&D tax credit claims in the chemical sector.
Get in touch today regarding chemical R&D tax credits