My client sole diector/employee of a limited company has one large Pharmaceutical company as a client.
He is responsible for the finding and developing a new drug for this client.
However, it seems all the R&D work is carried out for his client and cannot see any evidence of R&D in his own company.
He doesn't have a lab or office premises. Perhaps he may do some research on drugs in his own time which I think is about it.
I know the R&D threshold seems low but he is adamant this qualifies for R&D tax relief.