Jurisdiction(s):
United Kingdom

UK life sciences tax: R&D and Patent Box, intangible assets, cross-border transfer pricing and DPT, investment and employee incentives, compliance and environmental taxes

Published by a LexisNexis Tax expert

Practice notes

This Practice Note outlines key tax considerations for businesses in the life sciences industry, including pharmaceutical, medical technology and biotechnology companies. It examines, among other areas, corporation tax topics such as research and development (R&D) reliefs and the patent box, together with cross-border matters including transfer pricing and investment reliefs...

Cross-border framework

On 31 January 2020, the UK left EU membership and entered an implementation period during which the EU continued to treat it as a Member State for many purposes. This ended on 31 January 2020, after which EU law and the jurisdiction of the Court of Justice of the European Union largely ceased to apply to the UK. The trading relationship between the UK and the EU is thereafter governed by the EU-UK Trade and Cooperation Agreement...

State aid

Following the UK’s departure from the EU, the UK is no longer bound by EU State aid law, which requires the European Commission’s advance approval of State aid. A number of the regimes described below (in particular, those described...

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James Ross

Taylor Wessing LLP

James advises on a broad range of tax matters, with a particular focus on cross-border work. His practice encompasses both advisory and transactional matters, and he works with clients ranging from large multinationals, private equity funds, privately-held companies and family offices.James advises on the structuring and negotiation of M&A transactions involving corporates and private equity funds. Most of his work is international in nature, and he has particular experience of advising US-based clients on the structuring of acquisitions and inward investments in the UK and Europe.James has extensive experience of advising on corporate restructuring matters, including financing and intellectual property holding structures, and assists clients in relation to tax authority enquiries and audits. He also has experience of delivering business tax advice to private clients and family offices.Clients have particularly noted James's expertise in international tax matters, and value his...

Bridget Winters

Taylor Wessing LLP

Bridget is a Senior Counsel in the Tax & Incentives group, where she provides comprehensive advice across a broad spectrum of corporate transactions. She originally qualified as a tax litigator before transitioning to non-contentious work, bringing ten years of corporate tax expertise to her role.Her practice focuses particularly on general M&A and private equity transactions, as well as complex cross-border private M&A, joint venture and venture capital arrangements. She works with a diverse client portfolio at Taylor Wessing that spans companies at every stage of their development journey, from innovative start-ups through to established listed entities, representing both UK and international clients.Her sector experience encompasses the technology and life sciences industries, the evolving energy and renewables sector, and the banking and finance markets, enabling her to provide tailored, commercially-focused advice that addresses the unique challenges and opportunities within each industry....

Elliot Michaelson Taylor

Taylor Wessing LLP

Elliot is a senior associate in the Tax and Incentives group at Taylor Wessing, specialising in employee incentives. He advises on a full range of employee incentive and employment tax matters, with particular experience in takeovers, mergers and acquisitions, structuring of tax-favoured and non-tax favoured equity arrangements, and equity incentivisation for management and start-ups....

Web page updated on 22/05/2026

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