We provide specialist assistance with claims under the Patent Box regime.
The Patent Box regime provides tax relief for UK companies exploiting certain qualifying patents. The regime effectively provides for a reduced corporation tax rate of 10% on qualifying profits derived from UK, EPO or many European national patents. This is a powerful incentive for SMEs and larger companies alike to obtain patents which cover their products.
We can help identify the potential for patentable subject matter within an organisation via an IP Audit and assessment.
Once complete, we will give you a menu of possible actions, together with associated costs, steps involved and realistic timescales.
We will also include strategies tailored to maximise the size and speed of Patent Box benefits, work with any existing R&D Tax Credit applications and control costs of the patenting aspects.
We can also provide evidence of which of your products are covered by your patent portfolio, for HMRC purposes.
We have trusted relationships with accountants who are able to make sure that our IP input translates straight through to your balance sheet. So, if you need it, we can arrange a complete service through to making your application for relief to HMRC.