Tax advisory for pharma companies, biotech firms, and medical device makers.
Prescription medicines — zero-rated. OTC medications — standard-rated at 10%. Medical devices — zero-rated (qualifying list). Cosmetic products — standard-rated. Supplements — standard-rated (not medicine).
Clinical trial services — standard-rated. R&D expenditure — full input VAT recovery. Laboratory equipment imports — 5% customs duty. IP royalties on drug licences — reverse charge. Contract research — standard-rated.
Drug import — zero-rated VAT (essential medicines). Cold chain logistics — standard-rated service. Distributor margins — standard-rated supply. Sample distribution — deemed supply? NHRA registration fees — outside scope.
We understand the unique regulatory and tax landscape for pharma.
Get Pharma Advice →