PSS TAX · SERVICE 09
AN R&D TAX CREDIT SPOTTER GUIDE
The Simple Test
This is one sector where R&D can extend well beyond creating a completely new drug.
Look for systematic work seeking new scientific knowledge or appreciable improvements in medical devices, diagnostics, biotechnology, formulations, laboratory processes, therapeutics or healthcare technology, particularly where scientific or technological uncertainties have to be investigated and resolved.
Medical, Healthcare & Life Sciences
Don’t rule it out just because…
The development didn’t reach market
Clinical or laboratory trials failed
Existing compounds or technologies were used
Regulatory approval wasn’t obtained
The research was performed collaboratively
Commercial development and scientific R&D formed parts of the same programme
R&D vs probably not R&D
Potentially R&D
Experimentally developing and evaluating a formulation where achieving the required stability, delivery characteristics and biological performance couldn’t be readily predicted from established knowledge.
Probably not R&D by itself
Routine testing performed using an established protocol where the methodology and expected scientific behaviour are already well understood.