What is The Patent Box Tax Relief?

In 2009, in an effort to further reward innovative companies, the UK Government announced an initiative called “the Patent Box”. This legislation gives a reduced effective rate of corporation tax to 10% for any companies making an income from patents. The relief has been phased in from 1 April 2013 and the full
benefit of the Patent Box has been available from 1 April 2017.

In 2014-15, 1,135 companies claimed relief under the Patent Box with a total value of £651.9 million. This increased from 828 companies and £365.5 million relief in 2013-14 as the relief is phased in.

How The Patent Box Tax Relief Works

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