The Chemical sector is a growing sector in Ireland with a combination of well-established facilities and world-class scientists. Research and Development is thriving in this sector and a great reason for companies to avail of Revenue R&D Tax Credit relief.

The sector stretches from oil companies through to commodities, polymers, and pharmaceuticals. Whilst initial discoveries may be made in the laboratory, considerable developmental activity can then be expended in converting these into realistic industrial processes and applications.

Examples of Eligible R&D activities:

• Designing processes to achieve an appreciable improvement in product yield and reduced reaction times;
• Minimising catalyse batch-to-batch variability in order to increase the consistency of resin;
• Designing and developing an FTIR analyser sufficiently robust that it can handle a wide variety of process effluent streams and sludge from a plant, on-line;
• Devising a new type of liquid coating release agent for use on ceramic surfaces;
• Enhancing chemical treatment processes based on waste characterisation;
• Manufacturing pilot plants for validation;
• Developing new method for recycling, disposal or treatment of used chemicals and by-products;
• Synthesising new chemicals.

Expenditures can include wages, third party contractor cost (contractor performing R&D in EEA), materials, machinery, equipment, and overheads.

Braithwaite Technology Consultants Ltd. can assist you in obtaining tax credits for research and development activities. Whether your work involves basic research, applied research, or experimental development, Braithwaite can take the uncertainty out of the filing process and get you the credit you deserve for your innovation.

For a detailed evaluation of the chemical industry, please contact the professionals at Braithwaite.