The Patent Box Scheme

The Patent Box enables companies to apply a lower rate of Corporation Tax (10%) to profits earned after 1 April 2013 from its patented inventions.

The Patent Box scheme allows companies to pay a significantly reduced UK corporation tax rate (as low as 10%) on any profits attributable to patented inventions.  Such profits can arise from e.g. the sale of products or processes, licensing or the sale of patents.  It may also be possible to back-date any claim to before grant, up to a maximum of six years.  We can prepare a Patent Attorney Certificate for you to present to HMRC / your existing accountants stating that your product / process is covered by a patent, and that the patent is qualifying Intellectual Property in accordance with Patent Box legislation

The qualification criteria are complex and so this is an area where patent attorneys and tax advisors must work together to maximise any benefit to which companies may be entitled.

Cameron Intellectual Property is not qualified to provide tax or financial advice. We can refer clients to a tax accountant with specialist expertise of the Patent Box, if required.

Any Questions?

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