Patent Box

How Boxing Clever with the Patent Box can mean Money for Nothing

The Government has confirmed in the 2012 Budget that the Patent Box will be introduced over a 5 year phase in as from 1 April 2013.

"we are pulling every lever possible to make the UK a much more attractive place to invest. From April 2013, a new Patent Box will offer a 10 per cent tax rate on patent profits." [David Cameron 5/12/2011]

To UK companies who box clever, the Patent Box can mean money for nothing. But they need now to be exploring opportunities to patent their products and processes. And they need to be talking to their tax adviser about tax planning.

Now is the time to be reviewing your Intellectual Property, in order to see how you can benefit from the tax breaks that will be available to companies holding patents. Please download our review, and then get in touch with our Patent Box team here at UDL to discuss how we can help.

If you are a professional tax advisor, and need to advise your clients how to get the most from the legislation, we have devised a product which offers a stepwise solution to completing a Patent Box Audit. We call this product the Patent Box Primer. Download the Primer below to get started.