R&D in Life Science
Industry Spotlight
How might a life science company benefit from R&D tax relief?
In the rapidly evolving field of life sciences, innovation is the key to driving breakthrough discoveries, advancing medical treatments, and improving the overall quality of life. Research and development (R&D) plays a pivotal role in propelling the life science industry forward, and one powerful incentive that encourages and rewards such innovation is R&D tax relief.
Some examples of projects and activities that could qualify for research and development tax relief include:
R&D tax relief supports Life Science companies in biomarker discovery research. This involves identifying and validating biomarkers that can be used for diagnostic, prognostic, or predictive purposes in various diseases and conditions. Biomarkers play a crucial role in early detection, monitoring treatment response, and personalized medicine approaches.
R&D tax relief supports life science companies in developing and commercialising biotechnology innovations.
This includes genetic engineering, gene therapy, stem cell research, molecular diagnostics and other cutting-edge technologies that contribute to advancements in healthcare and life sciences.
Life science companies can leverage R&D tax relief to invest in research and development activities related to drug formulation and delivery systems.
This includes developing novel drug delivery methods, sustained-release formulations, targeted therapies and personalised medicine approaches to improve drug efficacy, patient compliance and treatment outcomes.
R&D tax relief enables life science companies to invest in research and development activities focused on designing and improving medical devices.
This includes developing innovative diagnostic tools, surgical equipment, imaging technologies and wearable devices that enhance patient care, diagnosis and treatment outcomes.
R&D tax relief allows life science companies to invest in research and development activities aimed at discovering and developing new drugs, therapies and medical devices.
This includes conducting pre-clinical studies, clinical trials and formulation development to advance scientific knowledge and bring innovative healthcare solutions to market.
Life science companies can utilise R&D tax relief to ensure compliance with stringent regulatory requirements.
This includes investing in research and development activities to meet safety, efficacy and quality standards set by regulatory authorities, such as the Food and Drug Administration (FDA).
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Has your company engaged in this type of activity in the past?
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R&D Tax Relief
From initial discovery call and information gathering through to claim preparation, supporting documentation and submission. We're your expert partner in R&D tax relief submissions.
RDEC
For larger companies we can support claim preparations under the RDEC (Research & Development Expenditure Credit) scheme, ensuring robust, defensible and maximised claims .
HMRC Enquiry Support
We'll liaise with HMRC on your behalf, ensuring no unnecessary delays on receiving your claim and no unfair reductions. This service is provided as standard for our clients.
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If you're making an R&D tax relief claim, our team can help ensure you're compliant with the latest legislation and identify any potential claim uplift. Speak to our team for more information.
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