Patent Box Regime

The Patent Box Regime was introduced with effect from April 2013 to encourage innovation by enabling companies which derive profits from patented technologies to elect to be taxed at a tax rate of 10%.

Companies that own or have a licence over patents granted by the UK Intellectual Property Office or the European Patent Office can elect to apply the scheme which then enables worldwide patent profit arising from the UK/European patents to be taxed at an effective rate of 10%.

If you wish to discuss your potential claim in more detail with one of our tax experts please contact your Rothmans advisor.