At randd, we have vast experience in claiming R&D Tax Credits in the Cosmetics and Personal Care industry.
Research and development is important in this highly regulated sector, with consumer health and safety crucial, as well as ethical and business-smart solutions.
Some examples of eligible R&D activities within the Cosmetics & Personal Care sector are:
- Creating or developing new products or processes
- Testing products in line with health and safety regulations and strict UK legislation
- Developing complex formulae for products or mixing ingredients that have not been combined before
- Sourcing new ingredients
- Improving cost efficiency and quality of products
- Reducing carbon footprint and developing processes and products to become more energy efficient and reduce wastage
Here are some recent examples of how we have helped clients in the cosmetics industry maximise their R&D tax relief.
A Sussex cosmetic and beauty supplies manufacturer awarded £293.2k over seven years, most recently £49.1k
The company has 15 years’ experience in the development and manufacture of cosmetic, personal, home care and supplements products. The family-run business is a volume contract manufacturer offering Laboratory Formulation & Development.
Upscaling and cost-effective practices were key factors in the claim. The company continually upgrades its facilities, processes and equipment so it can offer the most up-to-date processing and the most cost-effective solutions. An experienced team provides the highest standard of service, along with stringent quality control in a highly regulated industry.
A London-based hair colour manufacturer awarded £106.6k for a first claim
Incorporated in 2021, the company consists of five professionals in haircare, engineering, firmware and electrical design, collaborating to develop state-of-the-art ingredient technology.
There were several eligible areas for R&D tax relief claimed for. The smart formulation of hair colour increases the capability and knowledge of professional hair colouring. The colour system integrates the world’s first refillable hair colour design, for sustainability, both environmentally and financially, eliminating product waste expended by existing, more traditional methods. The development also aims to reduce colour formulation expenses by up to 35%.
The company overcame challenges in the process – the development has been highly complex and challenging, requiring exhaustive time and expertise to overcome the challenges of design and development.
The project included in this report details the design and development of new technologies, integrated with innovative techniques and methodologies to create bespoke solutions, and resolve uncertainties.
A Derbyshire-based skincare manufacturer awarded £20.7k
The company offers lean, natural and organic skincare products for human health, performance and the environment.
Several eligible areas for R&D tax relief in the Cosmetics industry were claimed – the company develops innovative skincare products that avoid harmful ingredients such as parabens, aluminium and genetically modified ingredients.
The company also uses refillable, sustainable packaging solutions to reduce the impact on the environment.
Could you be eligible for an R&D Tax Credits claim?
During these turbulent economic times, businesses across the country are looking for solutions to their cashflow problems. Many companies are looking for grants and loans and overlook the fact they could be eligible for R&D Tax Credits. By successfully claiming R&D Tax Credits, your company could receive a cash injection from HMRC in as little as four weeks.
Call our experts today on 01332 477 070 for a free, no-obligation eligibility consultation. Your business could be our next success story!