Claim research and development tax relief the right way!
In the United Kingdom, companies in the life sciences industry can claim Claim Research and Development Tax Relief for a wide range of activities related to the research, development and commercialisation of new medical treatments, devices, and technologies. This includes biopharmaceuticals, medical devices, and digital health.
Contact us today to explore how we can assist to claim research and development tax relief application.
Some examples of eligible activities include:
To qualify for R&D tax credits, a company must be a UK-based business and the R&D activities must be related to the company’s trade. The R&D must also seek to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty.
The amount of credit a company can claim depends on the size of the company and the nature of the R&D activities. For small and medium-sized enterprises (SMEs), the credit is worth up to 33% of the R&D costs. For large companies, the credit is worth up to 10% of the R&D costs.
Colin Copley, Owner and Founder of Copley LTD, shares his experience of working with RDI Solutions.
Contact us today to explore how we can assist to claim research and development tax relief application.
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