What is the Patent Box?

The Patent Box is a UK tax incentive introduced in April 2013 that can reduce a company’s corporation tax rate to 10% on worldwide income derived from qualifying patents

It can apply to all company sectors and sizes.

The key overarching requirements are:

  1. Is your company subject to UK corporation tax?
  2. Does your company hold one or more qualifying patents?

A company can reduce its corporation tax bill by 50% on worldwide income derived from qualifying patents under the Patent Box

This UK Government tax incentive is designed to support innovative, intellectual property-rich companies as they in turn support high value jobs and investment

The Patent Box tax incentive builds upon and compliments the enhanced R&D tax relief incentive which supports companies of all sizes during the development stage – the Patent Box aims to provide a financial boost to companies during the commercial exploitation phase

We can guide you through the entire process from initial advice to preparing and ultimately filing your Patent Box claim. We can work alongside your accountant so there’s no need to unsettle your long term relationship

Finally, we can work on a % of the tax savings so there is no cost outlay or risk for you in working with us