Research and Development Tax Relief Reform

Medical laboratory

General description of the measure Following the review of R&D tax reliefs launched at Budget 2021, the government announced the following measures, which will apply for accounting periods beginning on or after 1 April 2023. Policy objective The government has an ambitious target to raise total investment in research and development to 2.4% of UK GDP by […]

Patent Box – how the tax relief is delivered

British Pounds

In our first two articles about the UK Patent Box regime, we provided a high-level overview of the tax relief and took a more detailed look at which companies are eligible for it. In this third article in the series we will look at how the relief itself is calculated. The calculation Patent Box relief […]

Patent Box – does my company qualify

Patent Box Image 2

This is the second in our series of articles covering the UK Patent Box regime. Patent Box aims to encourage companies to retain and exploit existing patents and to develop new innovative products in the UK by providing a tax incentive. That incentive takes the form of an effective Corporation Tax rate of 10% on […]

Boxing Clever

Patent Box

Companies exploiting patented products, processes and innovations can slash their Corporation Tax bill What is the benefit of the Patent Box for my company? By electing to apply the Patent Box regime, your company can benefit from a 10% rate of Corporation Tax on its income from patented products, or processes. That is a generous […]