The R&D Tax Credit for the Chemical Industry
With connections to every industry from oil and petrol down to food processing and home cleaning supplies, the chemical industry must always be on the forefront of innovating its formulas and processes to make safe products that minimize waste and excess pollution. However, many chemical manufacturing companies don’t get tax credit for research & development expenditures. The team at Ansay USA have chemical industry-specific knowledge that makes us well-positioned for chemical companies we work with to take full advantage of these previously under-utilized cash flow opportunities.
Does your business deal in Chemicals – does it innovate?
Technological development are daily challenges for companies in the chemicals sector. However, resolving many of these technical challenges often qualifies as research and development from a tax perspective and you’re more than likely to be eligible for generous tax relief.
Our industry-specific consultants have hands-on experience and knowledge of the Chemicals sector. We always take the time to truly understand how your company innovates so that we can expertly identify all qualifying expenditures to help you make a successful claim for R&D tax credits.
What counts as R&D in chemical manufacturing sector?
If your business is involved with any of the following areas and you are not already claiming R&D tax relief, then it’s likely that you could be.
Time to turn to our team of R&D tax consultants to help you qualify for relief for R&D expenditures on projects including:
- Creating new, second-generation, and improved products
- Development and implementation of waste reduction and safety processes
- Formula development, including pilot batch, scale-up processes, and first runs
- And many more…
Download your free factsheet
We’ve put together a handy, streamlined summary of research and development in the Chemicals industry. Simply fill in your details to download your free factsheet and learn more about building your business with R&D tax incentives.
