Patent Box

Companies exploiting patented products, processes and innovations
can slash their Corporation Tax bill

Companies exploiting patented products, processes and innovations can slash their Corporation Tax bill

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Knowledge Base

Where we share our
in-house expertise
directly with you

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What is ‘Patent Box’?

Patent Box was introduced to encourage companies to retain their intellectual property in the UK. The Patent Box achieves this by allowing companies to benefit from a significantly reduced rate of Corporation Tax on profits derived from its patented inventions.
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What is the benefit of the Patent Box for my company?

Your company can benefit from a 10% rate of Corporation Tax on its income from patented products, or processes. That is a generous tax break even with the current rate of Corporation Tax at 19%. It becomes even more generous in 2023 when the rate jumps up to 25%.
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Patent Box rules are complex

The calculation of relevant income is very complicated. Many professional firms will not advise on it themselves and will often steer their clients away from it too.

We have been providing a Patent Box service to our clients since the regime was first introduced in 2013 and have a detailed working knowledge of the process and the complex legislation which underpins it.

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