Patent Box Regime

An often overlooked part of the legislation was introduced with effect from 1 April 2013 and means that the profit from the sale of goods which are patented, or in some cases contain a patented part, can be taxed at a lower rate of 10% Corporation Tax.

Whilst the rate is attractive, the calculation of the relevant profits can be complex.  Our tax specialists can assist in considering if this regime applies to your company and can prepare the calculations and submit these to HMRC.