Life Sciences

We understand the importance of tax compliance, and our FD team is ready to assist with corporation tax returns, deal with enquiries when necessary and advise on effective tax planning.

Our clients benefit significantly from our wealth of expertise and knowledge in the R&D tax credit sector, and more than 90% claim R&D tax credits. Our R&D specialists prepare client claims and ensure that they receive the maximum amount of tax relief.When HMRC raises an enquiry against an R&D tax credit claim, we advise and support our clients through the enquiry process by liaising with HMRC on their behalf.

The patent box regime enables companies to apply a reduced 10% rate of corporation tax on patent-related profits, where they hold or exclusively license a granted UK patent. FD assists our clients with electing into the patent box regime, in addition to advising and preparing patent box claims. Our clients benefit from our knowledge of the relevant legislation and guidance, as well as our strong relationships with HMRC and HM Treasury.

Precise financial reporting and compliance are essential for success. FD is a trusted partner in ensuring financial statements’ integrity and accuracy, whether related to a local enterprise or as part of a multinational group.

Our FD team provides valuation services relating to equity in businesses, stock options and other intangible assets. We work with companies interested in mergers, acquisitions and litigation support and with individuals in estate, gift and trust planning and martial dissolution consulting.

FD has been at the forefront of valuing intellectual property (IP) and shares for tech, biotech and life sciences companies, and we have witnessed the dynamic landscape of the evolving HMRC guidance. Our team recognizes the ongoing importance of ensuring valuations can withstand rigorous due diligence.

We advise on and prepare tax accounting schedules and disclosures for UK companies preparing consolidated accounts or making SEC filings, whether under IFRS or US GAAP, in readiness for an initial public offering.

We have a wealth of expertise in SEIS and EIS schemes and can support clients in obtaining advanced assurance from HMRC and preparing SEIS and EIS compliance statements.

FD offers self-assessment tax return preparation assistance, in addition to investor tax advice on SEIS, EIS and Business Asset Disposal Relief (BADR).

Our Transfer Pricing Practice helps global companies understand intercompany pricing issues and their tax implications, both domestically and globally. We look across global operations to understand opportunities and develop policies to achieve compliance, with an approach that minimizes taxes for intercompany transactions that cross tax jurisdictions.

Tax laws and regulations change constantly; we provide sophisticated and timely tax advice to help minimize taxes while adhering to regulations.

FD’s tax professionals help minimize tax liability while maintaining compliance with ever-changing tax laws and developing customized plans.