The Patent Box scheme is available to companies earning profits from goods and/or services that have been patented in the UK or with the European Patent Office. It takes the form of a lower effective tax rate at 10% of the relevant profits. There are crossover linkages with R&D tax credits and we can advise on all aspects.
The rules may seem complicated at first glance, however the calculation need not be, particularly with some forward thinking and upfront planning.
We can help you streamline your Patent Box claim process including:
- Incorporating the information requirements into your normal financial reporting
- Transition to the modified nexus approach
- Advise you on how your group structure and transactions with third parties can impact the quantum of patent box benefit available