INVICTA IP
Patent Box
Patent Box -
Reduced Corporation Tax for profits on patents!
To encourage businesses which pay corporation tax in the UK to innovate, by reducing their corporation tax liability when they do.
When did it start?
The legislation came into effect on 1 April 2013 and increased tax relief has been phased in over the period to 2017.
To claim the tax relief, a Patentee who has acquired the patent via assignment, or an exclusive licensee must be able to demonstrate that it has developed the invention.
In order to make a claim, you will need a British patent or a licence under a British patent or certain other intellectual property rights.
Correlate any existing patents, exclusive licences, products processes and profits in preparation to make a claim. Consider how the Patent Box might change your patenting protocol. In particular, are there inventions you would not normally patent in the UK which should now be patented?
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