If you haven't come across the Patent Box regime before, it allows companies to reduce the amount of corporation tax paid on profits made through patented inventions, providing certain conditions are met. As with other schemes introduced by the government to encourage innovation, making a claim through the Patent Box regime is fairly complex. The regime was introduced on 1st April 2013 and is being phased in until April 2017. We've created an infographic to provide you with an overview of the regime, including:
- What is the Patent Box Regime?
- Why does it exist?
- What criteria do you have to meet in order to be eligible?
- How do you make a claim?
Click here to view the full infographic
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