Healthcare R&D Tax Credits
The UK is a world leader in the healthcare industry, with the world’s 20 largest pharmaceutical companies all operating in the UK. The healthcare industry contributes around £70bn to the UK economy every year. By its nature, the healthcare industry involves a lot of research and development work, meaning it can benefit greatly from healthcare R&D tax credits. Depending on the circumstances of your business, R&D tax credits can take the form of a direct cash payment, or a reduction in corporation tax. Either way, this frees up vital funds to cover many of the expenses connected to developing new products and processes, including:
- Staff costs
- Software expenses
Can I claim healthcare R&D tax credits?
If you are unsure if you are eligible for healthcare R&D tax credits, the best thing to do is to contact us.
At RandD Tax, we have an experienced team of tax consultants, who will process your claim and will be able to answer any questions you may have.
We also offer a FREE ASSESSMENT, so you can find out if you are eligible quickly and easily. As we operate on a no win, no fee basis there is no risk to making your R&D tax credits claim through RandD Tax.
The easiest was to find out if you can make a claim is to answer these quick questions:
- Is your business a limited company, subject to corporation tax?
- Does it take part in researching or developing new products or processes - or improving existing ones?
- Does it spend money on these projects?
If the answer is “yes” then you will be able to claim healthcare R&D tax credits. Join the hundreds of companies that have benefited from working with RandD Tax today.
How to claim healthcare R&D tax credits
The healthcare sector is one of the biggest employers in the UK. It is also an industry that is subject to unique pressures and deadlines. We understand the stresses that come with operating a business in the healthcare sector, That is why we are here to help remove some of the stress by processing your R&D tax credits claim.
At RandD Tax, we have the skills and experience to process your claim with HMRC, ensuring you benefit from your incentive as quickly as possible.
Contact RandD Tax today to find out more.
Get in touch today regarding healthcare R&D tax credits