The Patent Box provides a lower effective corporate tax rate of 10% on profits attributable to UK or certain European patents. This is a lot lower than the normal corporation tax rate and can mean large corporation tax savings for companies that hold or license patents. R&D and Patent Box work together to support the creation lifecycle of a UK business.
The Patent Box is available to all companies who:
- Hold or exclusively license a granted UK or European patent
- Meet the substance requirements of the regime – the development and active ownership conditions
We have a wealth of experience maximising patent box claims and advising businesses in line with other claims such as R&D tax credits and other reliefs available for innovative companies.