What sort of work could qualify me?
Here are some examples of potential qualifying activities within your sector:
Developing a new product, delivery device, or diagnosis equipment
Appreciably improving an existing product by improving delivery capability or increasing the precision of the device
Integrating individual components that are potentially incompatible into a broader solution
The embedding of new standards of sustainability
Trialling different options for chemical synthesis or reaction conditions
Formulation and testing of new protective coatings for operation at extreme temperatures
Get started with your R&D tax claim
You’ve been busy with R&D. Now, are you ready to get started with an application to reclaim your tax credits?
Choose one of the following options;
Because innovation deserves credit
New medical equipment is being made available, allowing ground-breaking studies to be carried out by medical experts. Often small developments and improvements within this industry can have a wide-ranging impact, so it is important to speak to an expert to establish exactly which advancements would qualify for R&D tax relief.
For businesses within the medical sector, the risk of failure is often comparatively high versus other industries, meaning companies are often lossmaking in the early years. For this reason, R&D tax credits come with increased importance as the cash benefit can be the difference between survival and business failure.