Chartered Accountants
R&D – Dentistry
Sector – Dentistry (Scientific Research)
Company Size – £700k Turnover
Qualifying Costs – £189,212
The company is an existing EQ client and in the course of discussions about the business, the owner excitedly told us about a series of developments being undertaken in the construction of dental implants.
What type of work is the company carrying out?
In the sector, use of implants carries a higher degree of risk as the technology is not that well advanced. The owner was seeking to create a process of designing dental implants to hugely enhance their effectiveness but at the same time reduce the risk of error.
What R&D work was completed?
Initially the company reviewed the materials used for implants, and in particular how hard-wearing the material was, though it also had to be sufficiently flexible to allow for differing mouth and teeth sizes. Once selected, the process of creating the implant structure was developed. After many failed attempts, a radical solution, with previously unused materials, was developed to a prototype stage for further testing.
What was the outcome?
As a result of the R&D claim, our client received tax savings of £38,000.
