Pharmaceutical

The Juicy Numbers

33 %

of eligible costs could be recovered

£ 4 bn+

spent on R&D in the sector annually

24 k+

people employed in pharmaceutical R&D

98 %

of our claims paid first-time by HMRC

R&D tax credits in the pharmaceutical industry

The pharmaceutical industry is built upon foundations of complex, pioneering R&D. Indeed, without it, hundreds of medical advancements we benefit from today would not exist to keep us safe and healthy. With endless possibilities through advancements in science and technology, it is critical to stay current with R&D guidelines to maximise your ability to innovate and advance the world of medical science.

The Government's R&D tax relief scheme exists to support pioneering and innovative activities for the benefit of businesses, the economy and the nation's health. The challenges faced in 2020 to develop the COVID-19 vaccine is a great example and exemplifies how important the scheme can be in supporting other pharmaceutical businesses to continue pushing the boundaries of healthcare and medicine. By using Yuzu Group as your R&D tax credit claim specialist, you will achieve maximum benefit from the scheme and reward your risk and innovation.

Project Eligibility

It is often assumed in pharmaceutical companies that R&D activity is just 'part of the job' and is not eligible. However, this is commonly not the case, and they realise that lots of activities they have undertaken for years are, in fact, eligible under the scheme. Our specialist tax consultants will do the legwork and uncover every penny of eligible expenditure across your operations.

Projects

Costs

Medical research - to seek out new medicines, procedures or devices
Developing new devices to administer drugs
Improvements to existing drugs
Designing new packaging solutions to improve shelf life or performance
Adapting or re-engineering manufacturing processes
Creating new processes for testing drugs

Scientist and technician wages, NI, pension contributions and expenses
Bespoke software costs
Subcontracted development or testing
Consumables like light, heat, power and materials relating to the project
Clinical trial volunteer payments

Who qualifies?

You must:

Be a registered Limited company in England and Wales

Have registered for and be liable to pay corporate tax

Have carried out qualifying activities in relation to Research and Development

Have spent money on these activities in the previous 3 years

About Yuzu Group

We're not your average tax consultancy. Your business deserves best-in-class support teams for your retail or wholesale R&D tax relief claim, and that's precisely what you get.

Using experience in the world's largest consulting firms, our specialist consultants are trained to identify every penny of available expenditure from your retail R&D projects and to create high-quality narratives to accompany your tax credit claim, whether we're revisiting your previous claim or starting a new one from scratch. We know what HMRC want to see in your claim, resulting in our 98% first-time payment rate.

R&D Tax Credits in _Pharmaceutical

Utilise the Government scheme to its full potential by reclaiming up to 33% of eligible costs with Yuzu Group

The Juicy Numbers

Research & Development (R&D) [rɪˈsɜːʧ ænd dɪˈvɛləpmənt]

R&D tax credits in the pharmaceutical industry

Did you know your R&D project does not need to be commercially successful to qualify for R&D tax relief?

Project Eligibility

We Are Yuzu Group

Who qualifies?

… your pharmaceutical research and development must overcome scientific or technological uncertainty that a professional in the field could not have easily solved…

Credit Estimator

You are likely to be eligible for R&D tax credits if the following applies to your business:

Many businesses in the pharmaceutical sector are amazed at the costs they can reclaim, many of which they've done for months or years and assumed it was 'part of the job'…

Start your R&D Tax Credit journey within the pharmaceutical sector

About Yuzu Group

R&D Tax Credits in _Pharmaceutical

Utilise the Government scheme to its full potential by reclaiming up to 33% of eligible costs with Yuzu Group

The Juicy Numbers

Research & Development (R&D) [rɪˈsɜːʧ ænd dɪˈvɛləpmənt]

R&D tax credits in the pharmaceutical industry

Did you know your R&D project does not need to be commercially successful to qualify for R&D tax relief?

Project Eligibility

We Are Yuzu Group

Who qualifies?

… your pharmaceutical research and development must overcome scientific or technological uncertainty that a professional in the field could not have easily solved…

Credit Estimator

You are likely to be eligible for R&D tax credits if the following applies to your business:

Many businesses in the pharmaceutical sector are amazed at the costs they can reclaim, many of which they've done for months or years and assumed it was 'part of the job'…

Start your R&D Tax Credit journey within the pharmaceutical sector

About Yuzu Group

Let's Chat