UK Accounting & Tax Advice

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London, Cambridge and North America
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R&D Tax Relief & Patent Box Regimes, Employment, Stock Options, Transfer Pricing, Tax & VAT
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Life Science and Biotech
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Across UK

Areas of Expertise

Established in 2019, Frazier & Deeter UK aims to support international life science and biotech companies seeking to establish meaningful bases in the UK market, gaining access to the UK’s world-leading research facilities, pool of talented academics and valuable Government reliefs and subsidies.

Their long-established US firm has several offices throughout North America and occupies a position as a top 50 accounting firm. In the UK, their rapidly growing team operate from offices in London and Cambridge and represent hundreds of companies in the biotech sector with their complex tax and accountancy affairs, particularly surrounding the application of the UK’s R&D tax relief and Patent Box regimes. With clients ranging from early-stage life science start-ups through to major international groups, their experts are ideally placed to support the most complex plans to expand into the UK marketplace.

Frazier & Deeter plays an active role in the future direction of the UK’s tax incentives and regimes and its application within the biotech sector; their membership of the UK’s Bioindustry Association (BIA), where one of their team chairs the Finance Committee, allows them to regularly communicate with the Treasury and HMRC officials. Most recently, they have supported the BIA in lobbying the UK Government for meaningful changes to the R&D tax relief system as it relates to the activities undertaken by the biotech sector. This lobbying secured several positive amendments to the R&D regime ensuring that the UK continues to be one of the most competitive economies for new, international biotech entrants to establish operations in.

Working with GTM Global

GTM is delighted to partner with Frazier & Deeter, their knowledge insights and connectivity into life sciences and biotech in the UK adds massive value and connectivity to any ambitious scale-up seeking effective audit, tax and regulatory market entry.

Principal Services

R&D tax relief and Patent Box legislation

Global mobility advice for internationally mobile employees

Stock option planning

Including structuring, compliance and agreeing valuations with HMRC

Transfer pricing

Including policy design, benchmarking, and documentation

Corporate tax registration and compliance, Tax reporting, VAT registration and compliance

Structuring advice

Including spinouts and international structuring

US tax support

Including set-up, compliance, and support with PFIC and CFC matters for US investors

International and Domestic Bookkeeping

UK audit and financial statement preparation and iXBRL tagging

Key Advisors

Malcolm Joy

UK Managing Partner

Malcolm has over three decades of expertise in international tax and transfer pricing.  In addition to steering Frazier & Deeter’s growth in the UK, he serves as the firm’s Global Transfer Pricing Practice Leader and UK Head of Tax. Malcolm mostly works with fast- growing tech and biotech companies, supporting them with their UK tax advisory needs, R&D claims, tax compliance and international structuring.

Thomas Wells

Senior Manager R&D Tax Relief

Thomas assists cutting edge life science, biotech and pharma companies accurately identify, calculate and reclaim the tax relief they are entitled to for their innovations. Thomas’ key skills are helping business quickly and effectively identify if their activity meets the qualifying definition of ‘R&D’ providing surety that claims will be legitimate and approved by HMRC.

Chris Evans

Senior Tax Manager

Christopher joined F&D upon the acquisition of Confluence Tax, a boutique tax advisory firm specialising in Biotech startups as well as other early-stage development companies. Christopher specialises in business tax, including corporation tax, R&D reliefs, Patent Box, Risk Finance Schemes (SEIS, EIS, VCT) and Enterprise Management Incentive Schemes. He also assists with group reorganization and structuring.

David Patton

Partner

As a Partner in Frazier & Deeter Tax Practice, David Patton provides tax planning and compliance services to large and middle-market corporate taxpayers. He has worked extensively with taxpayers having multinational operations with cross-border compliance and transaction needs. 

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