Patent box tax
Patent Box Tax relief
Patent Box relief allows companies to reduce corporation tax profits by applying an effective 10% rate on trading profits attributable to certain intellectual property rights. The scheme was introduced to encourage development and commercialisation of intellectual property in the UK.
The calculations are complex and there have been changes in recent years to be aware of when making claims.
If your company make profits from exploiting patented inventions or holds qualifying intellectual property rights then we can work with you to prepare comprehensive calculations and maximise your corporation tax saving.
Sectors we work with
Speak to an expert
Business services
Audit & assurance
Business protection assurance
Business tax planning
Capitalise business funding
Corporate finance consulting
Corporate tax
Employee ownership trust
Exit strategies
Forensic services
IR35
Mergers, acquisitions & disposals
Outsourced bookkeeping & VAT
Patent box tax
R&D tax relief
Share schemes & employee benefits
Specialist corporation tax services
Start up advice
VAT
Ready to get started?
Finances can be complicated.
Let us connect the dots for you.
Related news
Tax Changes on the Horizon: What You Need to Know
The Government has indicated that tax increases are likely to be part of this month’s budget, with a focus on those with the "broadest shoulders." We examine where these changes might impact you and how you can prepare. Capital Gains Tax: Capital Gains Tax (CGT) is...
Capital Gains Tax – In the news
There continue to be significant changes to the already complex Capital Gains Tax (CGT) rules. Capital Gains Tax explained CGT applies where you dispose of particular capital assets at a profit. The rates charged depend on your level of income and the type of...
HMRC eyes potentially underdeclared dividend income
HMRC is using its data analytic powers to contact taxpayers where it thinks there’s a chance that income has been overlooked. What it’s interested in is income from distributions or dividends. It has been looking at company accounts, and where it has identified a...
Contact us
Have a question or need to get in touch?
Our accreditations
We are proud to be recognised as a Top 100 Accountancy firm in the Accountancy Age 2023 survey. We are longstanding and active UK200Group members, and affiliate members of AGN, an international association of accountants. We have One Star Best Companies status, reflecting our commitment to being a great workplace. As a Xero Platinum Partner, we are dedicated to supporting our clients in online accounting.
Banbury
Countrywide House
23 West Bar Street
Banbury
Oxfordshire
OX16 9SA
T: +44 (0)1295 250401
Birmingham
Kettering
2700 Kettering Parkway
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XR
T: +44 (0)1536 646000