Patent box
Year commencing 1 April | 2018 | 2017 |
Percentage of benefits available | 100% | 100% |
The patent box enables companies to apply a lower rate of corporation tax to profits earned from its patented inventions.
Patent box effectively provides a 10% tax rate to reward UK companies that exploit patented IP rights.You can only benefit from the patent box if your company is liable to corporation tax and makes a profit from exploiting patented inventions.
Your company must also own or exclusively license-in the patents and must have undertaken qualifying development on them.
If your company is a member of a group, it may qualify if another company in the group has undertaken the qualifying development.
Find out what we can do for you
If you have any questions, or would like to find out how we can help you or your business, give us a call on 01582 540800 and book a free appointment today. Alternatively, you can get in touch with us by filling in our contact form.