Pharmaceutical & Chemical
Chemical companies should be benefiting from R&D Tax Relief through their continuous research, development, and innovation.
The chemical industry encompasses a broad range of products and applications across multiple industries, utilised by consumers in every business segment. This includes raw material production in manufacturing and in the pharmaceutical industry.
Examples of areas where Qualifying R&D activities could exist:
- Improvement of products and processes, in addition to the launch of new or customised products and formulations; and
- Development of new or improved chemicals, compounds, and formulations to create sustainable solutions to alleviate environmental concerns, including the utilisation of renewable materials and ingredients.
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