PATENT BOX

If your company owns, or exclusively licenses, UK or EU patents or plant breeders’ rights, you can elect for profits generated by using those patents to be taxed at 10%, instead of the current rate of corporation tax.

You must be actively using the patent in your own products, rather than just holding it as an investment.

There is a certain amount of accounting work to do to identify the profits from your patented products or processes, and we can help you with that.

Please talk to the Business Services Team if you are interested in taking advantage of the available tax reliefs for your business.