MAIN MENU Withers & Rogers UK DE Patent Box Services You are here: Home > Our expertise > Services > Patent Box Services In this section Our expertise Strategic IP Practice groups Advanced Engineering Electronics, Computing & Physics Life Sciences & Chemistry Trade Mark Sectors Aerospace & Defence Clean Technology Digital Video & Audio Engineering Materials Medical Technology Oil & Gas Road, Rail & Marine Services Contentious Practice Designs Patent Protection Due Diligence Patent Box Services Patent Box FAQs Trade Mark Protection Translation Support Case studies Renewals Patent Box is a UK Government scheme to reduce the Corporation Tax paid by companies on profits generated from the sale of patented products and from the use of patented processes and machinery. The phasing in of the Patent Box scheme began in April 2013, with the intention of enhancing the competitiveness of the UK tax system, encouraging the location of high value jobs in the UK and promoting investment and growth. In November 2014 it was announced that the initial Patent Box scheme would close to new entrants. The Government introduced the new scheme effective 1 July 2016 and both schemes will run in parallel until June 2021. With the top rate of Corporation Tax increasing to 25% in 2023, innovative companies would be well advised to seek patent protection for the their products and services to mitigate the effect of the planned Corporation Tax increase and maximise the return on their R&D investment. The key benefit to those eligible is a significant reduction in Corporation Tax paid on qualifying profits. In order to be eligible, potential beneficiaries must have appropriate patent protection in place that can be directly linked to a product or service generating the qualifying profits. How can Withers & Rogers help? Withers & Rogers can help review the potential for patentable matter within an organisation via an intellectual property (IP) audit and assessment. Following this we will suggest a possible course of action, together with associated costs, steps involved and a realistic timescale. As well as assisting organisations looking at the possibility of protecting IP for the first time, we are working with existing clients to review portfolios because in some instances, the decision as to whether a technology should be patented or not may now have swung in favour of patent protection. If you think Patent Box may be of benefit to your organisation and you would like a free initial discussion, please get in touch via the link to our “Contact Us” section. SUBSCRIBE follow us on twitter join us on linked in see us on youtube Withers & Rogers LLP is regulated by IPREG Legal & Regulatory notices Français Español 中文 日本語 한국어 We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of all cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Cookie Settings Accept All