Research & Development with Lumilinks

Innovation and Engagement are Key to Successful Research and Development Projects

Want to invest in research and development, but worried about the potential cost and the lack of guaranteed return if it fails? 

The government’s Research and Development (R&D) relief scheme supports companies that are looking to invest in innovative projects in science and technology. What sets this apart from other grants and schemes is that this relief is able to be claimed even on projects that are unsuccessful.

It’s the perfect solution for any business that’s looking to carry out research into or advance in its field and means that you don’t have to worry about a potential lack of return if your R&D doesn’t provide the results that you hoped to see.

If your project meets our definition of R&D, then you may be able to claim Corporation Tax relief - regardless of success.

 Lumilinks works on a project basis to support organisations with their research and development investments. You can expect our team to carry out an initial research phase, followed by a development phase if this research is proved to be successful. Throughout the research phase we’ll engage with an independent R&D tax specialist that will scope out the potential of your claim at no extra cost.

For an additional fee, we’ll also work with you during the project to produce the research and development report to go alongside your claim. You can expect the research phase to produce an initial assessment of your data and the data model that is required, an evaluation of how successful we believe the project is likely to be, and an assessment of the benefits that are likely to come as a result of the project (including the potential ROI).

Please note that Lumilinks is not a tax advisor and we do not take any responsibility for your claim or its success. You are advised to seek independent advice. We can also introduce you to 3rd parties that can assist you with R&D tax advice.