Mini case example of a lighting design and manufacturing company claiming R&D tax credit and relief. There is a lot of innovation in lighting with LED lighting technology advancing at a rapid pace, offering great opportunities to reduce energy consumption and create novel lighting effects. n this example the company reduced tax and claimed cash payments totalling over £200,000 in the three year period shown. This extra cash was critical in supporting the company to tender for work with large international clients’ where having deep pockets was essential to support cash flow during the development stage of R&D projects.
Market leader in the design and manufacture of luminaires to meet a variety of commercial and residential needs.
- Developing lighting solutions that offer specific up-lighting and down-lighting effects.
- Use of LEDs to enhance lighting impact for specific environments.
- Award-winning innovative and aesthetic designs.
This company benefited from over £57,000 a year in R & D tax relief. See how much you could benefit from with our R&D tax credit calculator.