The Patent Box incentivises innovation by offering tax relief on patented IP profits.
- Check eligibility
- Complete PB election
- Calculate qualifying profits
- Claim via CT600
What is Patent Box?
PB is a tax incentive which enables businesses to pay a reduced corporation tax rate of 10% on profits derived from patented inventions. And with Corporation Tax rates now at 25%, there’s never been a better time to review your IP strategy.
There is a misconception that the process of identifying, drafting and protecting ideas and novel solutions is time consuming, costly, uncertain and subject to workarounds. However, working with a results-orientated advisor with a proven track record of success and an experienced team of intellectual property experts is invaluable.
Qualifying IP Income?
To qualify, companies need to own (or exclusively license-in) patents granted by either The UK Intellectual Property Office, The European Patent Office or countries in the EEA, be liable for Corporation Tax and fulfil ‘development’ and/or ‘active ownership’ conditions.
- Worldwide income from sale of product(s) which incorporate a patent, including spare parts.
- License fees or royalties from qualifying IP.
- Any compensation income or damages from the infringement of owned rights.
- The sale and disposal of qualifying IP and rights.
From Concept to Market: Our 3-Stage IP Pathway
Our highly skilled and experienced team of intellectual property, technical and taxation professionals work with companies to identify all qualifying activities and associated expenditure. We use a bespoke claim methodology to ensure the claim is legislatively robust and the value of the entitlement is fully maximised and choice of methodology aims to keep time investment to a minimum, ensuring day-to-day business activities are not affected as a result.
Detailed Patent Box Services
- Audit of Patent
- Claim retrospectively for the past two years
- PB scheme election
- Make a PB Claim
- Receive your tax benefit within 42 days of claim submission
- PB Scheme election
- Audit of patent portfolio
- Track patent income
- Make a PB Claim
- Benefit will be received when the patent has been granted
- Audit conducted by out IP team
- Patent attorney to advise on likelihood of successful patent
- Prepare patent application
- Submit and manage ongoing IP
- Make a PB claim
- Benefit will be received when the patent has been granted
How to claim PB in 3 steps
Reduce your tax bill to 10% on IP profits. Here’s how to claim the Patent Box in just 3 steps.
01.
Check Eligibility
Ensure your company owns or exclusively licenses qualifying patents granted by the UKIPO or EPO.
02.
Calculate Relevant Profits
Separate patent-related income (e.g., sales, licensing fees) from total profits using HMRC’s approved methodology.
03.
File with HMRC
Submit your claim via the Company Tax Return (CT600), including the Patent Box calculation in the supplementary form.
Beyond Patent Box : Maximise tax savings across your business
While the PB delivers valuable tax savings, many innovative businesses qualify for additional funding opportunities. Our full suite of services helps you maximize every available incentive:
R&D Tax Credits →
We help companies seeking a scientific or technological advance in their field to recover between 16% – 33% of the costs incurred in R&D.
Grant Funding →
Never miss an opportunity to apply for a UK grant: our team of experts will ensure your application has the best possible chance if success.
Capital Allowances →
Obtain tax relief on capital expenditure e.g costs incurred in the acquisition, refurbishment or alteration of commercial properties.
Energy Incentives →
We help businesses claim energy tax incentives through Climate Change Levy Exemption, Energy Intensive Industries Tax Relief and UK ETS Compensation Schemes.
HMRC Enquiry Support →
We provide expert assistance in responding to HMRC enquiries, ensuring the response is clear, sufficiently detailed and in-line with HMRC's expectations.
Patent Box Specialists
As PB can be claimed in conjunction with other schemes such as R&D Tax Credits and Capital Allowances, engaging a specialist who takes a holistic approach will ensure the maximum tax benefit is claimed and incorporated in the company’s tax return.
- Eligibility Assessment: Assess your eligibility for PB tax relief, identifying qualifying patents and IP assets.
- Income Mapping: Identify and map out qualifying income streams, ensuring you capture all eligible profits related to your patents.
- Benefit Optimisation: Calculate and optimise your Patent Box benefit, ensuring you claim the maximum tax relief available.
- Compliance Assurance: Ensure full compliance with HMRC requirements, providing the necessary documentation and support to confidently substantiate Patent Box claims.