• Intellectual Property – Patent Box

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.