The Patent Box is a tax relief scheme to incentivise companies to locate their research and development (R&D) activities in the UK.
Under this government scheme, UK companies can benefit from a reduced rate of corporation tax (at 10%) in relation to profits earned from their patented inventions.
There are several requirements to satisfy, in order to use the Patent Box. The main ones are outlined below. Please contact one of the Dehns attorneys to find out more.