Patent Box Explained – UK

The patent box is a government incentive that enables companies to apply a lower rate of corporation tax (currently 10%) to profits earned from its patented inventions. The legislation is relatively new (it was introduced in 2013) and is very complex. Advanced planning is essential to get the maximum benefits or even to be able to claim at all.

This is an area we can advise on. Ian Farley, our Managing Director, has detailed knowledge of the patent box and has presented on the topic at seminars. He also has extensive experience of helping clients make significant corporation tax savings through the incentive. His expertise includes:

Providing advice to companies on how to structure their trading activities to maximise the benefit and to meet the qualifying conditions

Preparing calculations to establish the relevant profits arising from qualifying patents for the purpose of filing the companies’ tax returns

Want to know more?

Please get in touch to arrange a no-obligation discussion.