Colourful world of R&D tax claims

A colour measurement and water analysis company in Wiltshire has successfully claimed tens of thousands of pounds in research and development (R&D) tax relief following professional advice.

The South Coast office of Smith & Williamson, the accountancy and investment management group, highlighted that Amesbury-based The Tintometer Limited was eligible for the rebate because the firm is developing improved manufacturing processes and new products.

For more than 125 years the company – home to the Lovibond® brand – has focused on innovation in colour measurement and water testing and continues to set new standards in the markets and instrumentation development.

Paul Duckworth, a tax partner for Smith & Williamson in Southampton, said: “Tintometer is a world leader in its fields and is constantly involved in challenging technological developments in the industry, using and improving new products and materials. This work qualifies the company for the enhanced R&D tax relief, which is actively supported by the government.”

In this particular example, tens of thousands of pounds were saved by working with Paul to help identify the areas of its research that qualifies for the enhanced relief.

He added: “However, to facilitate a claim, any eligible company must engage with its technical specialists to ensure each process is in place to capture all the costs that are eligible as the procedure changes frequently. It is a rigorous process which HMRC scrutinises and is keen to support.”

Throughout the world, the highly-qualified and dedicated Tintometer® team develops optimised equipment for all kinds of water analysis and colour measurement.

The company is constantly developing new, user-friendly instruments and analytical recording processes which are brought to full production level in the shortest possible time.

Innovative equipment is used in the quality control of products in our everyday lives, from drinking water and swimming pools to oils, food, beverages, cosmetics, chemicals and plastics.

More than 80% of sales are exported internationally by the company, which employs 65 people locally at its headquarters at Solstice Park.

Smith & Williamson provides audit and tax advice to The Tintometer Ltd, whose managing director is Chris Counsell.

He said: “We’re grateful to Paul at Smith & Williamson for his support with our R&D claim; he spent time with the chemical, instrument development and finance teams to gain a thorough understanding of our business which helped ensure the claim was submitted on time.

“Paul explained the guidelines very clearly to the teams, and worked with them to find the right evidence, resulting in a very successful outcome.”