​If your company has patents you could you be eligible for a lower Corporation Tax Rate!

​If your company has patents you could you be eligible for a lower Corporation Tax Rate!

Our latest tax saving idea explores Patent Box Relief

If your company has patents you could you be eligible for a lower Corporation Tax Rate!

Patent Box Tax Relief rewards UK companies that are driving innovation and developing new patented inventions. If a company is generating income from patented products or processes, it could be eligible for a lower effective CT rate of 10% on profits derived from those patents. This is just over half the normal tax rate.

As always, the key to successful tax planning is to seek advice as early as possible.

If you would like more information or would like to discuss your tax affairs in more detail please contact our tax partners, Steve Crompton or Lucy Williams on the details below:

Steve Crompton
Partner – Head of Tax
direct dial: 01942 292541
mobile: 07790 840394
email: steve.crompton@jsllp.co.uk

Lucy Williams
Tax Partner
direct dial: 01942 292543
mobile: 07807 053494
email: lucy.williams@jsllp.co.uk


 

 

< BACK