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 2017-18, 1,305 companies claimed relief under the Patent Box, with a total value of £1,101 million. The value of relief claimed has increased year on year from 2013-14 to 2015-16 as the benefit of the Patent Box was phased in, and this continued in 2016-17 and 2017-18, however there are still hundreds of eligible companies who have not claimed!

How The Patent Box Tax Relief Works

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