What is the Patent Box and how can it help you reduce your tax bill if you are selling products that incorporate patented technology?
A company must hold a qualifying patent either as an applicant/owner or as an exclusive licensee (exclusivity must be across one or more countries or territories). The legislation also allows for ownership within a group structure or via cost sharing arrangements.
For more information and to check your eligibility:
Either download Murgitroyd & Company’s Patent Box leaflet or visit their dedicated website uktaxreward.com.
October 17, 2013