What is The Patent Box Tax Relief?

In 2009, in an effort to further reward innovative companies, the UK Government announced an initiative called “the Patent Box”. This legislation gives a reduced effective rate of corporation tax to 10% for any companies making an income from patents. The relief has been phased in from 1 April 2013 and the full
benefit of the Patent Box has been available from 1 April 2017.

In 2019 to 2020, 1,395 companies claimed relief under the Patent Box with a total value of £1,220 million. The value of relief claimed has increased year on year from 2013-14 as the benefit of the Patent Box was phased in, and this has continued, however there are still hundreds of eligible companies who have not claimed!

How The Patent Box Tax Relief Works

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