A better way to make your innovation pay
Introduced in 2013, the Patent Box regime aims to attract R&D investment leading to the creation and active management of patentable intellectual property (IP). It allows qualifying companies to apply a reduced 10% rate of corporation tax on all profits relating to qualifying patents, instead of the normal 19% corporate tax rate.
Patent Box is in addition to the Research and Development (R&D) tax credit scheme, and can be claimed simultaneously. In order to be eligible for the Patent Box scheme, companies must pay Corporation Tax and make a profit from their patented inventions.