R&D Tax For Life Sciences Industry

Life sciences are at the forefront of innovation, and your business may be sitting on untapped opportunities for R&D tax credits. From developing new pharmaceuticals to refining medical devices, Lumo can help you secure significant savings for your R&D efforts.

Why Life Sciences Businesses Should Claim R&D Tax Credits

The life sciences industry is a key driver of UK innovation. Whether you’re working on cutting-edge medical devices, improving drug formulations, or expanding production lines, R&D tax credits can provide essential funding.

Common Life Sciences R&D Projects Eligible for Tax Credits:

• New Product Development: From pharmaceuticals to medical devices, innovative product development can unlock tax savings.
• Process Improvements: Streamlining production or gaining regulatory approvals can be eligible for tax credits.
• Hardware & Software Development: Developing new systems for research and production may also qualify.

Ready to explore your eligibility? Let our experts guide you through the R&D tax credit process for life sciences businesses.

Expert Guidance for Optimal Claims

While the prospect of claiming R&D tax relief may seem straightforward, presenting your case effectively to the authorities requires expertise and experience.

At Lumo, we’ve honed our skills through years of assisting businesses like yours in making best strategic use of R&D Tax Credits.

Our team understands the nuances of the life sciences industry and can help you navigate the complexities of the tax landscape with ease.

Can You Handle Your Own R&D Claim?

Certainly, you have the option to manage your R&D claim internally. However, much like any specialised task, leveraging the expertise of professionals can streamline the process and ensure maximum returns.

While we encourage businesses to explore this government initiative, our dedicated team is poised to alleviate the burden and complexity, allowing you to focus on what you do best – innovating in the life sciences sector.

Transform Your Business with R&D Tax Credits

R&D tax credits offer a valuable source of innovation funding with far-reaching benefits. At Lumo, we are passionate about empowering life sciences businesses to unlock their full potential through these incentives.

By partnering with us, you not only propel your business towards growth but also contribute to positive change on a global scale.

Engage with Lumo Today

Ready to embark on your R&D tax relief journey? Connect with our expert team at Lumo for personalised advice and support tailored to the unique needs of your life sciences business.

Let us be your dedicated partner in navigating the complexities of R&D tax relief, ensuring you seize every opportunity for growth and innovation in the Life Sciences industry.