Patent Box

Patent Box tax relief is the government’s way of rewarding companies that are driving innovation and investing in new ideas including new processes or new products and have taken steps to patent these ideas and innovative processes and products. 

The aim is to encourage the development of new patents in the UK. If your company is making a profit on your patented inventions or processes, you will be eligible for a lower effective corporation tax rate of 10% on your relevant profits. This will save your company money and allow you to invest in future innovation.

If you are eligible for Patent Box tax relief, it is likely that you are also eligible for R&D tax relief. Our team of experts are here to help. 

Who can benefit?

You can only benefit from 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.

Do I Qualify?

The Patent Box regime is optional. However a company can claim the patent box relief if the company has opted into the Patent Box regime.  

Companies that own the patent outright are eligible.  

You could also be eligible if you have an income from licensing a patent to another company either in the UK or in another company within the European Union, or even if you have sold a patent.  

The Patent Box legislation requires expertise in the processing of the claim however your application is safe in the hands with our team of experts. 

There is no fee due by the company if a Patent Box Tax Relief submission is unsuccessful.  We will thoroughly review and analyse your position before making an application and if we can’t see an opportunity for you to claim the Patent Box tax relief, you won’t pay a penny.  

Your company will qualify for relief if:  

• You own patents, or 
• You own an exclusive licence to exploit a patent 
• It’s a UK, specific EEA country or EU patent (& certain other rights)