Patent Box

Patent Box attracts innovators to the UK by reducing the corporation tax rate from patents to about 10%.

We advise clients on how to:

• Implement and manage Patent Box correctly.
• Integrate Patent Box relief into your wider corporation tax planning using, for example:
  • Research and Development R&D) Tax Credits.
  • Capital Gains Tax relief.

Our Service

• We are a full-service firm, based in West London (significantly less expensive than a typical firm based in Central London).
• We’re a mid-sized firm of Chartered Accountants. We:
  • Have the depth of resources to help you with Patent Box needs – and your wider requirements.
  • Are small enough to care for you as a client.

Case Study: Pharma Engineering

The problem

Pharma, a successful Oxford-based, engineering company has developed several products it sells worldwide. But they also needed to continue to invest in its products – whilst rewarding the owners for their efforts.

How we helped

We advised on:

• Remuneration structures to optimise the combined effects of R&D tax credits and Patent Box.
• The potential impact of changing rules.
• Protecting and maximising future claims so they continued to minimise their taxes.

The result

• Pharma didn’t need to pay taxes.
• The increased cash flow was used to re-invest in growing the company.
• Pharma’s value grew, and the owners were able to extract money from the company.

Contact us to discuss implementing Patent Box for your company.