WHAT'S ON YOUR MIND?

If there's something you want to chat through, just pop your details on here and we'll line up one of our talented team to get back to you, Easy, peasy.


    As seen with the recent COVID-19 pandemic, being able to rapidly produce medicines, equipment and vaccinations on a vast scale is critical.  To achieve this, companies need to be able to think on their feet, innovate and adapt, allowing them to deliver results quickly and accurately.

    If your business is operating in this sector and you’ve recently developed new products or processes, there is a strong chance that you could benefit from a Research and Development (R&D) incentives claim or you could receive more than you’ve already claimed for.

     

    WHAT TYPE OF BUSINESSES QUALIFY?

    The development of new drugs is, without a doubt, a high-risk and highly regulated area. Given the complexity and risk surrounding drug development, this specific area of R&D is typically limited to large pharmaceutical companies.

    Many smaller companies within the pharmaceutical supply chain are important to the delivery of drugs and medicines.  These often innovative companies are constantly making advances in manufacturing and packaging as well as the methods of testing or even physically administering drugs.

    These activities are often eligible for R&D incentives relief and can provide much-needed funds to support ongoing development.

    WHAT SORT OF PROJECTS QUALIFY?

     

    New production development

    The development of new products or improving existing products is likely to qualify for R&D relief, providing there is a level of scientific or technological challenge involved.  Qualifying activities could also include developing new methods of administering drugs to improve efficacy, absorption, handling, storage or patient experience.

    Testing

    Companies involved in testing drugs often qualify for R&D relief when developing new methods or improving their existing techniques.  In addition to this, testing which is subcontracted to a business by a larger pharmaceutical company may qualify for relief under the large company scheme as it will form part of a broader R&D project.  This allows the company carrying out the testing to claim tax relief even if the service is being paid for by an external party.

    Process development

    Where products are being manufactured, the development of new or improved production processes typically qualify for R&D relief particularly where this includes employing new materials or integrating new equipment to improve output, quality or increase automation.

    Scale-up

    At every stage of the scale up process from developing prototype processes or drug samples through to large scale manufacturing there can be uncertainties to be overcome leading to R&D activities until a solution is found.

    Get in touch with CHRIS KNOTT

    GET IN TOUCH

    Contact Form







      Count me in. I'd love to hear from Cooper Parry about relevant updates and insights.

      WHAT DO OUR
      CLIENTS SAY?

      • 91

        Total reviews
      • 4.6

        Average rating

      Ian

      R&D Claim: The additional cash will allow us to keep investing in the business. The results went beyond our expectations

      Posted on 28 Mar 2023

      Tony

      R&D Claim: The additional cash will allow for more investment to meet increasing volume demands generally once we get the refund from HMRC. You exceeded expectations in terms of what the output looked like (still to hear from HMRC though). Output was very professional and the journey with Mark, Emma and Tom was great - they were very responsive, fast and met deadlines. I don't know how we would have got the info from our tech guys without you all.

      Posted on 28 Mar 2023

      David

      R&D Claim: The additional cash will allow us to invest more. The results met with our expectations 100%

      Posted on 28 Mar 2023

      Beyhan

      R&D Claim: The additional cash will allow us to continue to invest in our business. The results met with expectations

      Posted on 28 Feb 2023

      Sadia

      R&D Claim: The additional cash will allow us to support the business further. The results were above expectations.

      Posted on 06 Jan 2023

      Andy

      R&D Claim: The additional cash avoids a further liability to assist overall working capital. Expectations met and well conducted workshops. Good comms.

      Posted on 06 Jan 2023

      James

      R&D Claim: The additional cash will allow us to re-invest. Combined with the Capital Allowances Team the results met all expectations.

      Posted on 06 Jan 2023

      Thomas

      R&D Claim: The additional cash will allow for continued investment into our patents and R&D to drive sales. I felt the results were above expectation. I appreciate the timeliness and the assistance when resources were constrained. The push to meet deadlines and helpfulness was unmatched.

      Posted on 06 Jan 2023

      Dean

      R&D Claim

      Posted on 06 Dec 2022

      Esperanza

      R&D Claim: It was great working with the team. All very supportive and knowledgeable. The additional cash will help with our corporation tax payment

      Posted on 21 Nov 2022

      Harpreet

      Very professional and knowledgeable to our market of business. Cooper Parry's regular notifications of industry updates as well as personal reach outs keep us well informed of any market and regulatory changes required within our sector.

      Posted on 08 Nov 2022

      Karan

      R&D Claim: Always first class. The additional cash will allow us to reinvest in the product

      Posted on 08 Nov 2022

      Peter

      R&D Claim: Great service as per previous year. Staff involved had necessary engineering expertise to bridge the gaps between myself and our own R&D team. Just gives us some confidence when investing further in R&D projects, qualifying or otherwise.

      Posted on 03 Nov 2022

      Sabrina

      R&D Claim: The results are not yet complete however the process of the claims have been great and very smooth and easy. It has been a pleasure to work with Cooper Parry and definitely made my life much much easier.

      Posted on 03 Nov 2022

      Richard

      R&D Claim: The results matched with our expectations very well. The additional cash will allow us to pay staff xmas bonus and purchase hampers for our top customers

      Posted on 03 Nov 2022

      Lisa

      R&D Claim: The additional cash will allow us to invest in capex. I had hoped we might be able to get a bit more back, but the reason is that my business does less R&D activity than I expected (i.e. not connected to your work)

      Posted on 03 Nov 2022

      Malcolm

      R&D Claim: Cooper Parry provided a very efficient and professional experience, comprehensively providing guidance as we developed the claim. The additional cash will allow us to develop our business further.

      Posted on 03 Nov 2022

      David

      R&D Claim: The additional cash has allowed us to make additional investment in R+D and new plant & equipment. The process has been great , thorough insight into the latest rules and guidance allowed us to achieve a positive result.

      Posted on 03 Nov 2022

      Alan

      R&D Claim: The additional cash has allowed us to bolster our bank account as we are debt free and well invested. Rather disappointed that because of the size of the Fila Group as a listed Group in Italy we are constrained by the quantity of R&D relief which we appreciate does not fall within the responsibility of Cooper Parry. The relief obtained is much appreciated but simply below expectation as we did not appreciate the rules.

      Posted on 03 Nov 2022

      Gordon

      R&D Claim: The additional cash will allow us to continue to carry out innovative r&d which creates added value for SMS, our customers and society. The results were excellent

      Posted on 29 Sep 2022

      Mel

      R&D Claim: The additional cash will help us to invest into new ventures

      Posted on 29 Sep 2022

      Brian

      R&D Claim: The additional cash will enable us to re-invest in further R & D. We have developed some materials that I believe have an exciting future in the next generation of battery technology. The results totally met my expectations.

      Posted on 31 Aug 2022

      Charlene

      R&D Claim: The results were inline with expectations. The additional cash will contribute to the costs of R&D

      Posted on 21 Jul 2022

      James

      R&D Claim: The additional cash will allow us to invest in new plant and machinery to help grow the business but also to take advantage of the 130% capital allowances so we pay less tax next year! Previously the R&D claims appeared to be a last minute thought. Now CP arrange meetings as soon as the year is finished so the work we have completed is fresh in our minds. We have now started to discuss R&D work undertaken in our monthly directors meetings too.

      Posted on 10 Jun 2022

      Tony

      R&D Claim: We have dealt with CP on numerous occasions now and the overall performance remains as we've come to expect, outstanding. Any additional cash gives us the confidence to continue, carrying out further R&D activity as we continually look at ways to push our capabilities, technical knowhow and upskill our workforce. Of course the cash incentives allow us to accelerate our overall growth too.

      Posted on 04 Jun 2022

      Simon

      R&D Claim: Extremely smooth process and excellent knowledge of our R&D projects within the Cooper Parry team. Friendly yet professional approach. Reporting schedules straightforward to complete. I imagine the additional cash will allow investment in further R&D projects.

      Posted on 04 Jun 2022

      Anil

      R&D Claim: The additional cash will help us to fund further investments. The results matched our expectations entirely

      Posted on 06 May 2022

      Ed

      R&D Claim. The results exceeded expectation and the additional cash will allow us to invest in growth

      Posted on 05 May 2022

      David

      R&D Claim: Bang on - really impressed. The additional cash will allow us to continue investment in our key R&D project well into FY22

      Posted on 04 May 2022

      Amie

      R&D Claim: The results were excellent, as expected. The additional cash will allow us to reinvest in R&D projects and other engineering projects.

      Posted on 03 Apr 2022

      Daniel

      R&D Claim: The results completely met expectations. The additional cash will allow us to invest in productivity / automation

      Posted on 03 Apr 2022

      Lee

      R&D Claim: The professionalism and level of customer service is exceptional. The additional cash will allow us to slightly improve working cap

      Posted on 14 Feb 2022

      Carol

      R&D Claim: The additional cash has allowed us to continue to invest in R&D, The results were more than expected.

      Posted on 14 Feb 2022

      Harpreet

      R&D Claim: The additional cash will allow us to grow the business. Result were as we expected. Efficient communication and logical processes.

      Posted on 14 Jan 2022

      Rob

      R&D Claim: Waiting for HMRC but it all looks positive. We got a good professional submission with a light touch interaction with CP and in what I think was a cost effective way. The additional cash will allow us to continue to invest in product development.

      Posted on 14 Jan 2022

      Alan

      R&D Claim: The additional cash has allowed us to re-invest into our facility and broaden our product range. The results achieved met our expectations.

      Posted on 14 Jan 2022

      Susan

      R&D Claim: The additional cash allows us to reduce our next bill. I wasnt expecting there to be anything on this particular R&D claim, so anything was a win :-)

      Posted on 14 Jan 2022

      Greg

      R&D Claim: the additional cash will really help working capital. The results were as expected - but I already knew what a great team you are!

      Posted on 14 Jan 2022

      David

      R&D Claim: The additional cash has allowed us to cut borrowings! The results achieved were very good.

      Posted on 14 Jan 2022

      Stephen

      R&D Claim: The additional cash has allowed us to invest in £500k of new plant & machinery being delivered in March. We had high expectations that were achieved.

      Posted on 14 Jan 2022

      Bryan

      R&D Claim: The additional cash has allowed us to pay down debt. The result was above and beyond as always. The team is great to work with.

      Posted on 14 Jan 2022

      Barbara

      R&D Claim: The additional cash may be used to pay for additional staff training. The results compared perfectly to our expectations.

      Posted on 14 Jan 2022

      Michael

      R&D Claim: Additional cash will put some working capital into the business which is much needed, especially as Aerospace is still waking up from Covid. It far exceeded what I thought we could claim for significantly.

      Posted on 14 Jan 2022

      Paul

      R&D Claim: The additional cash has allowed us to reduce our overdraft. The results were slightly higher than expected

      Posted on 14 Jan 2022

      Chris

      R&D claim: Our corporation tax liability is due at Christmas when cash flow is tight so the additional cash certainly helps ease the burden. Every year we have completed the R&D exercise, Cooper Parry have always exceeded my expectations.

      Posted on 02 Nov 2021

      Dave

      R&D claim: The additional cash will help us to survive! In terms of results, it's the 3rd year, so pretty much as expected.

      Posted on 02 Nov 2021

      David

      R&D claim: The results achieved were in line with what was promised at the start. The additional cash has already been banked into our cash flow to invest in product team.

      Posted on 02 Nov 2021

      Tony

      R&D Claim: The additional cash has allowed us to continue growing our business. We were expecting a high standard and that's what we received. Delivery was spot on and Customer service is first class

      Posted on 07 Aug 2021

      Perminder

      R&D claim: The service and collaboration is exactly what we have began to expect from CP R&D Tax team. The process simply enabled us to pay less Tax but invest back in to R&D

      Posted on 26 Jul 2021

      John

      R&D claim: Achievement was correlated to expectations given the experience of the team and our prior working relationship. The additional cash has enabled us to increase cash reserves at this moment in time with a view to capital allocation in the next 12 months.

      Posted on 26 Jul 2021

      Lisa

      R&D Claim: At my level it is not about comparing results but the guidance & experience from Marcus North for completion of the task. Marcus was a great support & was very patient too.

      Posted on 24 Jun 2021

      Hazel

      R&D Claim: I've had a previous working relationship with Cooper Parry, so knew my expectations would be met. The additional cash has enabled us to increase working capital and ease cash flow pressure during a difficult year due to COVID restrictions.

      Posted on 27 May 2021

      Adam

      R&D Claim: Very impressed with the quality and speed of response, with the team able to finalise two years worth of R&D returns in short order. The additional cash will enable us to further investment in R&D activities.

      Posted on 27 May 2021

      Gaynor

      R&D Claim: the additional cash will allow us to continue to invest into the business. The results were above expectation

      Posted on 30 Mar 2021

      Arron

      R&D claim: The additional cash will allow us to continue investing in the growth of the business moving forward. Results faired well against expectations. We weren't internally aware of the change to our claim, from SME to RDEC following the acquisition, however the detail was explained thoroughly.

      Posted on 15 Mar 2021

      Katie

      R&D Claim: Better than our expectations! This was the second year which Ece worked with us to complete the R&D claim. Ece put in place half yearly catch ups and processes which ensured that the year end claim wasn't hard work. Thanks for making it so easy! Invest in more new products.

      Posted on 06 Mar 2021

      Stuart

      R&D claim: results exceeded expectations

      Posted on 15 Jan 2021

      Matthew

      R&D Claim: The additionl cash will alllow us to continue the development of our Customs Clearance platform

      Posted on 25 Apr 2023

      Christine

      R&D Claim: An excellent service

      Posted on 25 Apr 2023

      Tim

      R&D Claim: The additional cash will provide working cap to further grow. The results were better than expected. would like to mention Marcus here as he is always very helpful and always provides very helpful and considered answers to my questions

      Posted on 25 Apr 2023

      Shamas

      R&D Claim: The additional cash will allow us to invest in growing the business. The results were better than expected

      Posted on 28 Mar 2023

      Andrew

      R&D Claim: We will use the additional cash to mitigate against other significant one off cash expenditure or alternatively invest in small infrastructure projects within the business to improve our facility and operational efficiency. The results matched our expectations and was a relatively smooth process as we have used Cooper Parry before for our R&D claims

      Posted on 28 Mar 2023

      Sandra

      R&D Claim: They completed all the tasks

      Posted on 27 Mar 2023

      Phil

      R&D Claim: The additional cash will allow us to invest in people. Definitely met expectations. Difficult to exceed expectations since you have set a very high bar in previous years

      Posted on 28 Feb 2023

      Mark

      R&D Claim: The additional cash will allow us to survive. The work was fine

      Posted on 28 Feb 2023

      Julie

      R&D Claim: The results matched expectations

      Posted on 28 Feb 2023

      Chris

      R&D Claim: The additional cash will allow us to carry on investing in the business. The results achieved were about what I expected

      Posted on 28 Feb 2023

      Gary

      R&D Claim: The additional cash will support working capital. The process was fine no issues

      Posted on 06 Jan 2023

      Tony

      R&D Claim: The additional cash will support business financing. The results were very good

      Posted on 06 Jan 2023

      Heather

      R&D Claim: Good communication. Very knowledgeable and want to build a good relationship

      Posted on 08 Nov 2022

      Glen

      R&D Claim: Overall for the main claims we didn't achieve the uplift in claims that I was expecting from a more in-depth workshops with CP. The additional cash will be added to the general cash flow

      Posted on 08 Nov 2022

      Tim

      R&D Claim: The results were what I expected. I think we are coming up with ideas and I think u are telling us whether its claimable or not. Not sure if we have exhausted everything at Instarmac. But we will keep trying. As we are cash rich - the additional cash will help us earn extra interest especially as the rate is rising. More money maybe to treat the Employees

      Posted on 03 Nov 2022

      Jenny

      R&D Claim: Efficient as always. Emma and her colleagues do a great job, are patient and responsive. The additional cash will allow us to invest back into R&D

      Posted on 03 Nov 2022

      John

      R&D Claim: Overall the results were very good. The additional cash will support the growth of the business

      Posted on 03 Nov 2022

      Chris

      R&D Claim: The additional cash will allow us to continue to invest in R&D - allowing us to compete more effectively against international suppliers

      Posted on 03 Nov 2022

      Matthew

      R&D Claim: The report and delivery were of good quality which was in line with my expectations. The additional cash will allow us to pay the electric bill!

      Posted on 03 Nov 2022

      Rob

      R&D Claim: The additional cash will allow is to invest in additional R&D activities

      Posted on 21 Jul 2022

      Trevor

      R&D Claim: The additional cash has allowed us to offset any issues with FY2021. The results compared very well to our expectations

      Posted on 03 Jun 2022

      Anthony

      R&D Claim: Results were in line with expectations, and comparable to other Tax advisers we use

      Posted on 28 May 2022

      Sud

      R&D Claim: Impressed with the knowledge of our projects and the continuity of personnel looking after our claim. The additional cash will allow us to invest in our business

      Posted on 25 May 2022

      Shirley

      R&D Claim: We have been making claims for some years now so we are familiar with the process. However, after discussion on how that could be made more straightforward for our non-financial colleagues, there was a definite improvement this year and we reached submission stage faster. The additional cash will allow us to invest in the business

      Posted on 19 May 2022

      Julie

      R&D Claim: The results were as good as expected. The additional cash will allow us to support the cultural sector and keep in business

      Posted on 03 Apr 2022

      Paul

      R&D Claim: The additional cash has allowed us to make further investment in strategic projects. The results matched our expectations.

      Posted on 14 Jan 2022

      Jon

      R&D Claim: The additional cash has allowed us to pay the premium on a new lease to secure premises. The results were in line with our expectations.

      Posted on 14 Jan 2022

      Phil

      R&D Claim: The additional cash has allowed us to fund working capital. The results were pretty similar to my expectations.

      Posted on 14 Jan 2022

      Andy

      R&D Claim: The results were in line with expectation - team understood technicalities well and first draft of report well put together. The additional cash has enabled us to reinvest into product development.

      Posted on 14 Jan 2022

      Esperanza

      R&D claim: The process has been straight forward. However, it would be good to get to improve communication in regards to the status of the claim. For example if we could access a website were this status is shown. Also, it would be good that the amount claimed and reported is fed back to the Tax Team and Audit team at the right stage of those processes. Therefore, ideally would be beneficial if the R&D reported in annual accounts is the same as the one claimed, and the one incorporated in the Tax calculation. The additional cash will go towards PAYE payments.

      Posted on 26 Jul 2021

      Dominic

      R&D Claim: The results exceeded our initial expectations, once we started discussions with Jonny Brewster it became clear that we could claim for more than we anticipated. I found the process both informative and straight forward.The additional cash has enabled us to increase pension payments, and give us a little more security in purchasing stock.

      Posted on 24 Jun 2021

      Ramesh

      R&D claim: very good, expectations were as planned. The additional cash will enable us to re invest in the business for development & product creation.

      Posted on 25 Mar 2021

      Vicky

      Posted on 11 Mar 2021

      Ryan

      R&D Claim: The additional cash will allow us to reinvest in the business. I was slightly disappointed with the quality and content of the final report. I was not sure that it really captured the elements of the project as we had communicated.

      Posted on 01 May 2022

      ESTIMATE HOW MUCH YOU COULD CLAIM ON R&D TAX INCENTIVES

      Have you ever wondered whether you could make a claim for R&D tax incentives? Or, if you’ve already made a claim, maybe you want to find out how it stacks up against your industry peers and expectations? Our R&D Tax Credit Calculator answers those questions and gives you an instant estimate of the benefit available to you.

      HOW CAN WE HELP?

      If you operate a business within the pharmaceutical supply chain and you are improving processes or methodologies, or developing new or improved products, we would love to speak to you.

      If your business qualifies as an SME, this can provide up to 33% cash back (based on your expenditure in areas such as salaries and material costs). Larger companies can also benefit under the scheme at a rate of approximately 10%.

      Here at Cooper Parry, we have a specialist team which includes chemists, engineers, IT experts and pharmacologists, who are well placed to understand the challenges you face and help you put together a claim.