The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions.
The lower rate is 10% – less than half the current main rate of 22%. In order to qualify, company profits must come from: selling patented products – that is sales of the patented product or products incorporating the patented invention or bespoke spare parts licensing out patent rights selling patented rights infringement income damages,…
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