Intellectual Property – Patent Box
We have advised a number of clients on making claims to have profits arising from patented components and processes taxed at the 10% ‘patent box’ corporation tax rate.
Further changes to the patent box regime are effective from 1 July 2016.
The patent box regime may be relevant to any of the following:
- Companies currently exploiting patents (including under licence)
- Companies that have patent applications pending
- Companies considering the benefits of making a patent application
- Any unincorporated business or individual that is considering the benefits of making a patent application
We would be pleased to advise any of the above on their current position and the best course of action from a tax perspective.