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What is Patent Box?

The Patent Box is a Government scheme through HMRC that provides UK companies that hold qualifying IP rights or an exclusive IP license, and receive relevant IP income, the opportunity to benefit from a reduced rate of corporation tax on relevant profits.

From 1st April 2017 this rate is 10%.

Applied to company profits from eligible patents or other qualifying intellectual property rights such as :

  • Patents granted by the intellectual property offices UK IPO and EPO;
  • Patents granted by the national intellectual property office of 13 EEA countries;
  • Medicinal & botanical IP rights (e.g. supplementary protection certificates);
  • Exclusive licences for patented inventions developed, exploited and defended by the licensee;
  • Patents acquired from another company, actively managed or developed by the acquiring company.
How are the profits calculated?

Profits will be calculated using revenue streams from global sales of:

  • patented products;
  • products incorporating
    one or more patented
  • bespoke parts used in
    the patented product(s);
  • licence fees, royalties or
    proceeds from the sale
    of the patent;
  • Compensation/damages
    resulting from patent infringements
How much could you be entitled to?

Use our calculator to get an estimate of your tax benefit through the Patent Box scheme.

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What will Jumpstart do for you?

We will assist in compiling and assessing associated costs and tracked profits from relevant patent protected products, and advise on:

  • The implications of existing R&D eligible expenditure on calculation of relevant IP income;
  • Managing corporation tax benefits of the combination of both R&D tax relief and Patent Box schemes;
  • On-going legislative changes & impact on current or future patent box claims;
  • We will prepare the Patent Box report and associated calculation for inclusion in your tax return.
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Jumpstart your R&D tax credits…Call us on 0844 967 2626