10% Corporation Tax? What is the Patent Box & How You Can Qualify
Learn more about Patent Box: https://shorts.uk.com/rd-tax-reliefs/...
The Patent Box allows qualifying businesses to pay a lower Corporation Tax rate of 10% on profits arising from patents.
Here’s how it works.
First, confirm your eligibility. You can do this by answering three questions:
1. Has your Patent been granted by the UK IPO or European Patent Office?
2. Was your company involved in the development of the patent?
3. And did your company conduct a significant amount of the R&D?
If your answer to these questions is “yes”, then you should definitely check your eligibility.
HMRC has recently reported that lots of eligible companies are not claiming the relief. This is a huge opportunity being missed.
We’ve developed a free eligibility checker tool, which will tell you in just a few click whether you’re likely to qualify. Head on over to our website to try it out.
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