Patent Box attracts innovators to the UK by reducing corporation tax rate from patents to about 10%.
We advise 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 continued to minimise their taxes.
- Pharma didn’t need to pay tax.
- The increased cashflow was used to re-invest in growing the company.
- Pharma’s value grew, and the owners were able to extract money from the company.
Contact us to discuss implementing Patent Box for your company.