Free Guide
Patent Box: A Guide for UK Businesses
The Patent Box regime offers a valuable opportunity for innovative UK companies to reduce their Corporation Tax on profits earned from patented inventions.
This guide has been developed to help businesses understand how the scheme works, who qualifies, and how to structure claims to maximise the benefit. Whether you’re exploring Patent Box for the first time or looking to strengthen an existing approach, this guide provides clear, practical insight grounded in HMRC guidance and industry best practice.
At Wilby Jones, we work closely with finance leaders to ensure Patent Box claims are both accurate and commercially effective, helping businesses unlock long-term tax savings.
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What This Guide Covers
Patent Box Explained: Explanation of the scheme and its primary benefit of reducing Corporation Tax on qualifying profits to 10 percent.
Eligibility & Qualifying Income: Detailed criteria for businesses and patents that qualify, including guidance on identifying eligible income.
Calculating the Tax Benefit: Step-by-step guidance on determining your Corporation Tax savings.
Practical Application: Real-world case studies and advice on implementing Patent Box within your business.
Maximising Value: Strategies for combining Patent Box with other government schemes, such as R&D tax relief, to optimise overall tax efficiency.