Patent Box

Innovative businesses were encouraged by the introduction of the Government’s patent box regime, which came into force from 1 April 2013 and allows companies to apply a 10% corporation tax rate to worldwide profits generated from the exploitation of certain patents granted in the UK or Europe.

If your business is liable for corporation tax and deals in patents or develops newly patented products you could be in line for substantial cash savings. Patent Box works with R&D tax credits and could result in tax cuts over the next five years, but the whole field is complicated and it is recommended that you contact our team for advice and ongoing support.

You may find our tax tips download informative.

Thinking in the box

Patent Box
Change to Whitley Stimpson

Step 1

Confirm to your accountant that you wish to move to Whitley Stimpson

Step 2

Supply Whitley Stimpson with your existing accountant’s details

Step 3

Relax. We’ll handle the rest.
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