R&D Tax Credits Chemicals and Storage

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Case study

A company specialising in precious metal analysis faced significant challenges with its Inductively Couples Plasma (ICP) system which when sampling complex matrices produced highly inaccurate results. The company aimed to advance upon the industry standard and improve the ICP analysis protocol to reduce the discrepancy between independently verified samples and the ICP unit's readings.

  • Eligible expenditure

    £2m

  • R&D Tax Credits Generated

    £350k

An image of a cargo ship with containers place on it, used to represent the chemicals and storage industry, which is part of a list of industries who can claim for R&D Tax Relief.

R&D Details

To overcome this, work was involved to improve the process focusing on trialling different mixing sample sizes, acid mixtures, external standards, temperatures higher than the industry recommended levels and intermediate sample dilution strategies. In these trials the company recorded the results of the precious metal levels by the ICP unit and compared this to independently verified lab samples. After these trials they recorded much higher accuracy than the industry standard thus solidifying the R&D activity as a success.

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The compliance team exists to protect our clients and colleagues by ensuring that the work that RCK produce is fair, correct, and well-evidenced. At RCK we take responsibility for the review process, as well as acting as a hub for tax-technical expertise and dealing with any correspondence with the tax authorities. Our compliance and review team has been made totally independent of our delivery team, as opposed to a more common peer review process.


The team scrutinise each claim with the tax inspector mindset before it goes out – so we have all the answers to the questions HMRC might ask. Not only does this reduce the risk of enquiry, but it makes dealing with those that do arise much more efficient.


Reviews take place at the submission stage when written evidence of R&D is drafted, the financial assessment has been calculated, and the complete submission package has been finalised. We also have a daily check up with our consultants to make sure nothing slips through the gaps.

Get in touch

Lorem ipsum
dolar

The compliance team exists to protect our clients and colleagues by ensuring that the work that RCK produce is fair, correct, and well-evidenced. At RCK we take responsibility for the review process, as well as acting as a hub for tax-technical expertise and dealing with any correspondence with the tax authorities. Our compliance and review team has been made totally independent of our delivery team, as opposed to a more common peer review process.


The team scrutinise each claim with the tax inspector mindset before it goes out – so we have all the answers to the questions HMRC might ask. Not only does this reduce the risk of enquiry, but it makes dealing with those that do arise much more efficient.


Reviews take place at the submission stage when written evidence of R&D is drafted, the financial assessment has been calculated, and the complete submission package has been finalised. We also have a daily check up with our consultants to make sure nothing slips through the gaps.

Get in touch