Patent box

Year commencing 1 April 2018 2017
Percentage of benefits available    100%   100%   

 

 

 

The patent box enables companies to apply a lower rate of corporation tax to profits earned from its patented inventions.

Patent box effectively provides a 10% tax rate to reward UK companies that exploit patented IP rights.You can only benefit from the patent box if your company is liable to corporation tax and makes a profit from exploiting patented inventions.

Your company must also own or exclusively license-in the patents and must have undertaken qualifying development on them.

If your company is a member of a group, it may qualify if another company in the group has undertaken the qualifying development.

If you’re interested in working with us and wish to discuss your requirements then please call us on 44 (0) 141 221 2257 or email contact@thomasbarrie.co.uk

Atlantic House
1A Cadogan Street
Glasgow
G2 6QE

 

There is another entrance to the building at 45 Hope Street, G2 6AE.

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