- Irish R&D Tax Credit
- Irish RD&I Grant
- UK R&D Tax Relief & RDEC
- Industries We Service
- About Us
- Recent News
Example | Pharma Industry R&D Tax Credit
A company had prepared a large commercial launch of a product, while testing its properties. A short time before the planned launch, the tests showed that the product could not be launched to the market. This meant that all the efforts that company undertook while preparing for the launch remained uncompensated.
Commercial production is not a valid activity for an R&D claim. Since the launch was supposed to be commercial, the company did not consider the work as part of valid R&D. Nevertheless, the consultant was able to identify the pockets of R&D qualifying work that were eligible for the claim.
Once the corresponding narrative was drafted a significant part of the expenditure was added to the claim. The company was able to recover above €1,000,000 that otherwise could have been lost.
Braithwaite’s technical consultants assist companies with efficient identification and preparation of their R&D work, as well as developing processes for proper tracking of information. However, having mentioned this, identifying and determining R&D work for claim submission involves the experience of a trained professional who is an expert in each relevant industry.
Trust the R&D experts at Braithwaite Ireland with your next R&D Tax Credit Claim by contacting us today.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.