R&D within Health & Wellbeing
Sector Overview – Health & Wellbeing

Within the latest HMRC statistics on R&D tax credits, we can see that 19.5% of all claims made under the SME scheme, were for companies operating in the “Professional, Scientific & Technical” sector. This accounts for a whopping 26% of the total claims value.

The average claim value is £72,260.

Research and Development Tax Credits within the Health & Wellbeing sector

R&D takes place across all industries and sectors, with the health and wellbeing sector being at the forefront. A raft of scientific and technological uncertainties occur in health and wellbeing, due to the variety and volume of business types within this sector.

Eligibility for R&D tax credits centres around the two key areas of either:

Producing new or improved products.

Design and development of a product involving some degree of uncertainty for which the answers were not obvious.

This sector encompasses a wide range of business types, with each having their own focuses; for example a health club might focus on developing bespoke booking and tracking systems for their patrons, whereas a company who develops nutritional supplements will be focused on food science.
It’s always important to bear in mind what constitutes as research and development. The reason being that many industries are reliant on constant R&D for their companies continued success.

Examples of technological uncertainty in Health & Wellbeing

Testimonials from our Health & Wellbeing clients

  • Fantastic service, would highly recommend

    Tom, The Fitness Experts

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