Lumo works in close partnership with businesses, helping them understand and capitalise on R&D credits to both find and fund their futures.
Research and development (R&D) tax credits are a government tax relief that rewards innovative UK companies.
By ‘innovative’, we generally mean companies that spend money on developing new products, processes, or enhancing existing ones. And remember, you don’t need to be wearing a lab coat at work to claim R&D tax credits.
On average, 33p in the £1 of all qualifying costs can be claimed back.
R&D Tax Calculator
The Lumo R&D Tax Credit Calculator gives an accurate estimate of the potential corporation tax relief that you may be eligible to claim. Enquire now so Lumo can fully optimise your claim https://www.lumo.tax/rd-tax-credit-calculator/
Find out more about Lumo here https://www.lumo.tax/who-can-claim/manufacturing/
The North East Automotive Alliance (NEAA) is established to support the economic sustainable growth and competitiveness of the automotive sector in the North East of England. The NEAA provides a single unified voice to key stakeholder groups and promotes the true value created by the region's automotive industry.