“Patent Box” is a system for obtaining tax relief available to any company liable for UK Corporation tax and which makes a profit from exploiting a patented invention.

Whilst in-depth advice on tax should be obtained from an accountant, the “Patent Box” system means that applying for a patent can be very cost effective, and can make the value of a granted patent for licensing even more attractive since an exclusive licensee can also be eligible for this benefit.

Want to know more? Contact us for details. Or click here to view advice from HMRC.