Medical Labs are the unsung heroes of the medical world! While not getting the same fanfare as drug development, their contribution to medical diagnosis and treatment cannot be under-estimated.
Behind every major break-through in the medical world is a broad network of supporting labs and businesses of vital importance to developing healthcare and supporting the frontline.
Blood tests, swab analysis and testing of new drugs are all examples of routine work. With new techniques and practices consistently being developed, medical interventions can be made that much earlier and effectively. This improvement and adaptation is as much part of medical R&D as the development of drugs themselves.
There are many qualifying activities in the Medical Industry, however many are often overlooked, as they seem so routine, for example:
R&D carried out by medical labs can vary massively in its scope and nature meaning that claims can vary in size from around £5K to many millions of pounds.
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.
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.
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.
Managing & Creative Director
Please get in touch and a member of our team will get back to you immediately.