Research and development (R&D) tax credits are a valuable government tax relief that rewards UK companies for investing in innovation.
NEPIC has partnered with Lumo to ensure that member companies who are spending money developing new products, processes or services; or enhancing existing ones are applying for the cash payment and/or Corporation Tax reduction available.
Contrary to popular belief, it is not necessary to employ scientists to have qualifying R&D expenditure. A positive response to any of the following questions would imply that a claim might be possible:
There are strict time limits for making claims and so an early review maximises the relief captured.
To learn more about the scheme and find out if your firm is eligible, contact a member of the NEPIC team today, or contact Joe Routledge at Lumo on 07808 176 664 / firstname.lastname@example.org / Visit Lumo