Patent Box

If your company is liable to pay Corporation Tax, the Patent Box enables you to apply to reduce your Corporation Tax in relation to profits from patented inventions. For eligible profits, a lower Corporation Tax rate of 10% will be applied (under current terms 10 January 2023).

There are a number of qualifying criteria to meet under the Patent Box scheme, in particular owning a UK grant patent, or exclusively licensing a UK patent. More details of the Patent Box and qualifying criteria can be found on the government website –

If you would like to know if you may be eligible to benefit from tax relief under the Patent Box scheme please contact us.