UK Patent Box

Convert your latent inventions into hard cash in 3 easy steps!

If your company pays UK Corporation Tax then you can benefit from tax relief down to 10% for any qualifying profits relating to a patented invention.  All revenues relating to products containing at least one patented component potentially qualify for tax relief, irrespective how large or small the invention.

The tax savings are potentially significant because they apply to worldwide sales, even if you only have a single GB patent, as long as you pay UK Corporation Tax on the related profits.

It’s UK Government’s way of saying: if you do nothing else to protect your innovation, rather than give it away, at least take out a GB patent and we’ll reduce your tax on any related profits.

White Light Consulting will engage directly with your technical team to identify the latent inventions in your products and processes.  We will then work with patent attorneys on your behalf to prepare a Patent Box-specific application aimed at an accelerated route through the UK Patent Office (UK IPO) to a granted GB patent.

Benefiting from the Patent Box is a simple 3-step process:

You will be able to claim for tax relief when the patent is granted, but the first claim can be back-dated.

Take a serious look at the Patent Box – any delay in filing an application is your money left in the taxman’s pocket

White Light Consulting can help you reinvest your Patent Box tax savings to build an IP portfolio for business protection and future licensing and/or export opportunities.

The Patent Box creates an opportunity for SMEs to build a virtuous circle of value creation – an IP portfolio funded by the taxman!

Call White Light Consulting today to arrange a FREE IP Audit and discover which of your latent inventions could potentially unlock significant tax savings