R&D Claims for the Pharmaceutical & Medical Sector
Research and development tax credits are commonly used when exploring new opportunities within the pharmaceutical and medical sector. Designed to find solutions to existing issues, whilst improving devices, services, materials and processes, there’s lots of opportunities where products and services can be significantly improved.
And, many pharmaceutical companies rely on the development of new drugs or medical products, meaning R&D tax credit medical and pharmaceutical research and development activities are a crucial line of their work.
What costs qualify for R&D Relief in the Pharmaceutical & Medical sector?
Here’s a closer look at some of the R&D activities that you could claim for. Of course, if you do not see the activity you are involved in on this list, it’s always worthwhile checking in to see if you are eligible for the work that you driving forward.
- The development of manufacturing processes for a new drug
- The development of new methodologies and techniques for drug testing
- Innovation in the field of production
- Developing specialist medical equipment
- The adaptation or re-engineering of a manufacturing process for new drug development.
Please note: In any R&D project, it is quite common for an R&D team to consist of a number of individuals from different parts of the business, all of which can be included in the R&D claim.
What are you waiting for? Start your R&D claim today!
Remember, if you have any questions about any of our services &/or would like to check your claim eligibility, please don’t hesitate to get in touch!