Guide

The Patent Box

The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions and certain other innovations. The relief was phased in from 1 April 2013 and the lower rate of Corporation Tax applied is 10 per cent.

This video from HM Revenue & Customs introduces to the Patent Box and explains how it can be applied.

Find out more about the Patent Box in GOV.UK's guidance.