Who qualifies for the Patent Box tax relief?

Your company will qualify for relief if:
• You own patents, or
• You own an exclusive licence to exploit a patent
• It’s a UK, specific EEA country or EU patent (& certain other rights)
• There are no other IP – trademarks, designs, copyrights etc.

What can I claim for?

Qualifying income includes:
• Sale of patented items or those that incorporate a patent.
• Licence fees.
• Proceeds from sale of patents.
• Compensation income from infringement of owned rights.

Excluded income
• Income from regular activities (that is income earned regardless of patent rights).
• Income from marketing asset return (that is income earned from branding rather than technological innovation).

What is HMRC’s role?

HM Revenue & Customs (HMRC) created the Patent Box legislation to encourage UK businesses to invest further in innovation.
We would not generally request any information from HMRC to process your claim, and generally find that the required information is more readily available from our clients and their advisers.
Our report has been specifically formatted for HMRC purposes and we believe that this has a large part to play in the fact that historically less than 1% of claims submitted to HMRC have generated the need for a further enquiry.
HMRC are very used to processing these claims. Our specialist advisers liaise with them daily, on your behalf, and in the unlikely event of any issues being raised, it is part of our commitment to you to resolve these at no extra cost.

It sounds too good to be true. Are there any hidden costs?

We charge no up-front fees, and should we fail to identify a claim we will not charge you at all.
We do not charge any submission fees so there will be no surprises when it comes to your claim being filed with HMRC. We also offer all clients 6-year report protection as part of our service.

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