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ARTICLE · 08 FEBRUARY 2022

Patent Box - What Is Relevant IP Income?

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 discuss here issues relating to which income streams can qualify for the Patent Box. The Patent Box legislation defines what income streams count as relevant IP income.

United KingdomIntellectual Property
Martin Jackson
Martin Jackson
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We discuss here issues relating to which income streams can qualify for the Patent Box. The Patent Box legislation defines what income streams count as relevant IP income. The calculation of relevant IP income is used in determining an amount deductable from the profits of the trade for the calculation of UK Corporation Tax liability. Determining the amount deductable from the profits of the trade leads to the amount of UK Corporation Tax due being equivalent to paying a rate of 10% on the relevant IP income (following certain deductions as explained in our separate Briefing “ Patent Box – How to calculate the Patent Box Benefit”).

Relevant IP Income

Relevant IP income is defined in the legislation under five main categories, each of which is dealt with below.

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