The Patent Box is part of the UK Government's policy goal to
make the UK the best country in the world for innovation. Initial
feedback suggests that the Patent Box is being viewed favourably by
industry. While there is complexity at some stages of the process,
it may well be worth "unlocking the box" to see what can
be found.
The Patent Box enables companies to apply a lower rate of
Corporation Tax (10%) to profits earned after 1 April 2013 from its
patented inventions and certain other innovations. The relief will
be phased in from 1 April 2013 until 1 April 2017 when the full
benefit of the regime will be available.
Which patents are eligible?
A company can benefit from the Patent Box if the company owns or
exclusively licenses-in patents granted by the UK Intellectual
Property Office, the European Patent Office and certain countries
in The European Economic Area. There is an extension for rights
similar to patents such as supplementary protection
