Going hand in hand with R&D tax credits Patent Box is part of the Government’s range of incentives to encourage innovation and maintain the UK’s world-leading position in many sectors.
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 :
Profits will be calculated using revenue streams from global sales of:
Use our calculator to get an estimate of your tax benefit through the Patent Box scheme.
We will assist in compiling and assessing associated costs and tracked profits from relevant patent protected products, and advise on: