Cosmetics & Pharmaceuticals

R&D within science-based is not only for those in lab coats, it spans much broader than that with the majority of costs falling in the day-to-day activities of running a cosmetics or pharmaceutical company.  

When interpreting the term ‘R&D’, many companies may not associate themselves being involved with any R&D activities. The R&D tax credit scheme encompasses a broad spectrum of activities, ranging from minor product tweaks to the development of new vaccines for life-threatening illnesses. 

When working within a science field, minor tweaks or enhancements to formulas or processes can have a major impact to the end use, however very rarely is the product or treatment successfully produced in the first instance. The time consuming and methodical approach companies take in assuring their products meet the needs and demands of their client, is being rewarded for being maintained in the UK, rather than outsourced from overseas.  

Qualifying Activities

There are many qualifying activities within the cosmetics and pharmaceuticals industries, including: 

 Modifications to existing processes: 

  • Production capacity 
  • Production process 
  • Waste Management
  • Sustainability

Modifications to existing formulas:  

  • Legislation changes 
  • Combination of different products 
  • Improved performance of product 
  • Client-led production 

New Product Development: 

  • Vaccines 
  • Vitamins 
  • Cosmetics  
  • Cleaning agents 

Typical Claim

R&D claims in this industry can vary massively, with amounts ranging from around £2k to millions of pounds.

What our clients have to say

It was a pleasure working with the guys at Bonham & Brook, especially considering that, with the wealth of knowledge backed up with the expertise of an ex HMRC officer, we had confidence going ahead with a claim for the first time. After successfully receiving a substantial refund, we would not hesitate doing another claim and, it goes without saying, Bonham & Brook will be our preferred partners going forward. Thank you, again.

Chris Strik

Managing Director

We worked with the team at Bonham & Brook on the R&D claim that we were unaware of. To our surprise they made the whole process seamless and we received our refund from HMRC. We will definitely be using B&B again for our R&D claim to help us grow our business.

Chetan Patel


At first I believed that R&D tax credits were a little too good to be true or that my company would not be applicable. Jenson, Hannad and the team's expertise and experience reassured and guided me through the process. I had to put in approx. 1 - 2 hours work and they did the rest of the application. The first time we worked together they were able to claim for the previous 2 years, so we received a bumper double rebate. This money has helped us grow the business by having the cash to grow the team and increase our marketing budget. My business has grown thanks to their work, so I am eternally grateful.

Ryan James

Managing & Creative Director

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