Patent Box Regime Services

The Patent Box regime, which took effect from 1 April 2013, allows companies to pay just ten per cent corporation tax on worldwide profits arising from patents and other intellectual property (IP).

As a result, Patent Box offers a real opportunity for businesses that come up with bright ideas to make substantial tax savings. 

Patent Box will apply to income from existing as well as new patents. Businesses will be able to benefit however they use their patents and a product needs only one patented component for Patent Box to apply to all its revenue.

At HB&O, we can provide expert advice on Patent Box, including its interaction with research and development tax credits and the way the benefits will be phased in between 2013 and 2017.

We have prepared a factsheet setting out the key points of the Patent Box regime, which you can download here or for more detailed information and advice, please contact Helen Coombes - contact details below: