The sector of science and medication is a goldmine for R&D tax credits. Many laboratories are trying to advance these sectors and create new processes, which in turn has made the industry of one of the highest spending on R&D per year.
Adapting pre-existing drug formulations (E.g. attempting to reduce side effects)
Researching into sustainable materials
Researching into and developing prototypes
Developing a new CRM/Database for health professionals to use
These are only some basic ideas of R&D. There isn’t a specific checklist of what may qualify – as long as your project (whatever it may be) carries with it an uncertainty; with you having to provide your own blueprints/work to the process, a claim could be on the cards for your company!
To clarify, the actual project doesn’t have to be a success. If there is some kind of proof the project has gone ahead, this can still qualify.
Our experts can let you know if your business can qualify for a claim – and with an initial enquiry being completely free we urge you to get into contact today!
