Patent Box
Patent Box
Patent Box attracts innovators to the UK by reducing corporation tax rate from patents to about 10%.
We advise Patent Box clients on how to:
- Implement and manage Patent Box correctly
- Integrate Patent Box relief into your wider corporation tax planning using for example:
Patent Box Case Study: Pharma Engineering
The Patent Box problem
Pharma, a successful Oxford based, engineering company has developed several products it sells worldwide. But they also needed to continue to invest in its products – whilst rewarding the owners for their efforts.
How we helped
We advised on:
- Remuneration structures to optimise the combined effects of R&D tax credits and Patent Box.
- The potential impact of changing rules.
- Protecting and maximising future claims so they could continue to minimise their taxes.
The result
- Pharma didn’t need to pay tax.
- The increased cash flow was used to re-invest in growing the company.
- Pharma’s value grew, and the owners were able to extract money from the company.
Patent Box Senior Tax Team
J Stuart Thomson MA CA FCT ATT MCSI
Group Managing Director
- Chartered Accountant (Institute of Chartered Accountants of Scotland).
- Associate Chartered Accountant (Institute of Chartered Accountants of England and Wales).
- FCT – Fellow of the Association of Corporate Treasurers.
- MCSI – Member of the Chartered Institute of Securities and Investments
- ATT – Association of Tax Technicians.
Karen Stone FCCA
Senior Enquiries Lead – Accountancy and Tax Advisory Services
- Fellow of the Chartered Institute of Certified Accountants (FCCA)
- Member Association of Accounting Technicians (MAAT)
- Advises owner-managed businesses, personal tax and trust clients.
- Works with our tax and accounts departments in an advisory role.
Ian Dodge ATT
Senior Tax Manager
- Association of Taxation Technicians (ATT).
- Certified in Probate and Estate Administration.
- Ian leads our tax advice services.
- Over 20 years of experience, he previously worked for HMRC.
- Provides technical tax support for tax barristers.
Peter Briant CTA
Tax Manager
- Chartered Tax Advisor with 20 years experience.
- HM Revenue and Customs (HMRC) Inspector of Taxes.
- Has worked in tax strategy, tax investigations, large business, public sector, personal tax and corporation tax.
- Represented HMRC in discussions with foreign fiscal tax authorities.
Next Step
Contact us to discuss using Patent Box to save taxes.