Over 700 companies benefitted from £350m in tax relief through the Patent Box regime in the 12 months to September 2016.
Businesses in the regime have reported tax relief of £67k to £1.45m per year and can continue to benefit until 2021, if they retain their registration. But what has it cost them to establish their patent and then claim the relief each year?
Those filing patents and electing to join Patent Box for periods from 1 July 2016 onwards will be entering a less favourable regime. Is the new Patent Box regime worthwhile? Are there still opportunities to benefit from the old regime? The answer to both questions is yes.
If you’d like to explore the opportunities for your business under Patent Box further please contact: