Patent Box

Does your company generate profits from patented products? Innovative Partners could assist you to reduce your businesses corporation tax liabilities through Patent Box Reduction.

What is a Patent Box?

Patent Box was introduced to incentivise companies to retain and commercialise existing patents and to develop new innovative patented products. This is achieved by taxing the profits from qualifying patents at a reduced rate of 10%.

Innovative Partners can assist your business and undertake a multi-step calculation to determine the value of benefit available for Patent Box relief. An additional deduction is claimed in the company’s tax computation to give an effective tax rate on qualifying intellectual property profits of 10%. This could offer you a significant tax saving when compared to the standard rate of Corporation Tax of 19%.