Patent Box & R&D tax credits

The UK Patent Box is a generous scheme that can yield significant savings for UK companies. By electing for Patent Box tax treatment, UK companies can benefit from a reduced rate of Corporation Tax of 10% on a proportion of profits derived from qualifying intellectual property (IP) rights.

The basic concept is straightforward but, as ever, there is some complexity in the detail. The purpose of this briefing note is to strip out some of that complexity and give companies a clearer idea of what they can do to ensure eligibility for, and maximise benefit from, Patent Box.

Research and Development (R&D) tax reliefs support companies that work on innovative projects in science and technology. The work that qualifies for R&D relief should be part of a project to make an advance in science or technology. There is some similarity with the requirements for a granted patent and companies may therefore wish to avail of both the R&D tax relief and Patent Box schemes.

Andrew Flaxman

Partner | Tech

George Tebbutt

Partner | Engineering and environment

Andrew Dowling

Partner | Engineering and environment

Phil Davies

Partner | Tech

Ashley Giles

Partner | Engineering and environment

Simon Rees

Of Counsel | Tech

Working with you to add real value to your business. Driven by a passion to enhance our clients’ businesses, we help our clients through our consultancy services.

Whilst audit and IP due diligence may be regarded by some as yesterday’s tools for assessing IP risk and opportunity, our joined up team of specialist attorneys and lawyers approach them differently.

We recognise that different products have different lifespans, risk profiles and budgets. For your brands and trade marks, we offer a range of tailored clearance solutions when new brands are under consideration.

Our Analytics team approaches IP from a strategic perspective, helping you to understand your competitive landscape.

We know that you are too busy to track all the changes occurring in this fast moving area and we have the solution for you.

The UK Patent Box is a generous scheme that can yield significant savings for UK companies. Research and Development (R&D) tax reliefs support companies that work on innovative projects in science and technology.