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ARTICLE · 08 FEBRUARY 2022

How To Calculate The Patent Box Benefit

J A Kemp
J A Kemp
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J A Kemp

J A Kemp

J A Kemp is one of the largest European patent and trade mark attorney firms, with offices in...

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We outline here the accounting steps which are necessary to calculate the Patent Box benefit.

United KingdomIntellectual Property
Martin Jackson
Martin Jackson
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We outline here the accounting steps which are necessary to calculate the Patent Box benefit.

We also present a simplified example calculation which may help you to estimate the amount of saving in UK Corporation Tax you might expect to make if you were to elect in to the Patent Box regime.

You will need to seek the advice of your corporate tax advisor for an accurate estimate of savings you might achieve and the best accounting approach to make the biggest saving.

Calculating the Reduction In Corporation Tax

The tax calculation required by the Patent Box legislation is complicated and specialist tax advice is required. We set out below the basic approach to assist with a preliminary assessment of the likely benefit to a company from the Patent Box.

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