Patent Box

Many Companies do not realise that they could qualify for a reduced rate of Corporation Tax under the Patent Box regime on profits generated from their Intellectual Property rights.

Contact our experts

Many Companies do not realise that they could qualify for a reduced rate of Corporation Tax under the Patent Box regime on profits generated from their Intellectual Property rights.

Contact our experts

What is the Patent Box?

The Patent Box could enable you to pay a reduced Corporation Tax rate of 10% on profits — if those profits arise from the sale of products or services incorporating a qualifying patent.

The relief applies to UK profits from the worldwide sales of patented products, even if the patent only applies to a small aspectof the overall product.

With Corporation Tax rising to 25% in 2023, it is now more important than ever to consider whether your business can benefit from a reduced rate of 10% under the Patent Box Regime.

Cathal McGaughey

Tax Incentives Manager

Does my company qualify?

Patents can only qualify if they are granted by the UK Intellectual Property Office, the European Patent Office, or specified EEA countries.

If you have a Patent which is pending, you may be able to go back to the date the application was made and claim Patent Box benefit from this earlier date.

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Speak to us for a Free Consultation.

We offer a free consultation - to discover if you can obtain a substantial tax saving from this regime.

Lets get started

Don't have Patents?

Have you considered applying for a Patent?

If this is something you are keen to do we have experts that can help.

If you have a product or process that is a high revenue earner for your business, then you should consider looking at the potential for a Patent.

Not only does it provide protection for your IP but will also have Tax benefits.

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When can I claim?

An election for Patent Box must be made by the company within two years after the end of the period in which relief is to be considered.

You can elect before the patent has been granted, to enable tax relief on qualifying profits generated in the patent pending period.

What are the tax benefits?

Profits arising from qualifying patents are charged a reduced rate Corporation Tax of only 10%.

This represents a significant tax saving when compared to the current rate of Corporation Tax of 19%

The main Corporation Tax rate is rising to 25% in 2023 and so the benefit of Patent Box will become even more valuable.

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Contact us

Speak to us for a Free Consultation.

We offer a free consultation - to discover if you can obtain a substantial tax saving from this regime.

Lets get started

Lets Get Started


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