Patent Box


The Patent Box was introduced to encourage innovative companies to locate in the UK by offering a lower rate of corporation tax on profits related to patented technologies. 

Under the Patent Box scheme, profits relating to patented technologies are taxed at 10% – as opposed to the standard corporation tax level. The eligibility requirements changed in July 2016 to focus the benefits on companies that have themselves borne a major proportion of the research and development (R&D) costs that have resulted in a patented invention.

"Patent Box remains attractive for many companies."

Those who make good profit margins on innovative products, and who bear the R&D costs associated with developing the products, stand to make substantial tax savings.

If your company operates in the UK and invests in R&D then the Patent Box is designed for you and could substantially reduce your tax liability. We have experience of helping innovative companies in sectors as diverse as luxury consumer electricals and high-volume printers reconfigure their patent strategy to enable them to make best use of the scheme. Our commercially minded team of attorneys is adept at identifying patentable innovations and securing protection for them in a manner that not only provides a competitive edge, but which also qualifies profits for the Patent Box.

"Obtaining patents that qualify for Patent Box need not be costly or onerous."

We can show you how your company may benefit and work together with your financial advisors to ensure you pay an appropriate level of tax.

To have your patent strategies reviewed or to find out more about the Patent Box, please contact Matthew Fletcher or Emily Teesdale.

Additional Information

The Patent Box Repackaged

The Patent Box: How It Impacts Your Company

UK-Germany Joint Statement provides increased certainty for Patent Box Regimes

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