Patent Box Tax Relief Services
Reduce your Corporation Tax rate to 10% on profits from patented inventions, whilst safeguarding your competitive edge.
Patent Box Scheme Assistance for UK Businesses
The UK Patent Box scheme is a powerful tax incentive designed to reward innovative companies that commercialise patented inventions. It allows qualifying businesses to apply a reduced Corporation Tax rate of just 10% on profits attributable to those patents, a substantial drop from the current 25% standard rate. This differential makes the Patent Box even more valuable today, offering considerable savings that can significantly enhance profitability and cash flow.
Beyond the financial return, the Patent Box also encourages businesses to protect their intellectual property, driving a culture of innovation and helping to secure competitive advantage. However, understanding and applying the Patent Box rules can be complex. That’s where Streets Innovation comes in, we help simplify the process so you can unlock its full potential.
What Streets Innovation Can Do For You
Securing the benefits of the Patent Box requires a meticulous and strategic approach. Our service is designed to take the complexity out of the process, ensuring your business maximises its tax savings while remaining fully compliant with HMRC regulations. We work with a diverse range of innovative businesses, from technology start-ups to large manufacturing firms, helping them identify, value, and claim their Patent Box relief.
Comprehensive Eligibility and Strategy Assessment
Our process begins with a detailed assessment of your business's eligibility for the Patent Box. We go beyond simply checking if you have a patent. We work to understand your business model, intellectual property portfolio, and commercialisation strategy.
We'll help you identify all qualifying patents and the associated income streams, including sales of patented products, licensing royalties, and even income from using a patented process. We also provide strategic advice on how to structure your business and IP portfolio to optimise your Patent Box position, ensuring you get the maximum benefit from your innovations.
Expert Patent Box Calculation and Claim Submission
The calculation of Patent Box relief is often the most challenging part of the process. Our team of specialists, including Chartered Tax Advisers, are highly experienced in the complex “streaming” and “nexus” rules introduced by HMRC.
We meticulously trace all eligible income and allocate costs appropriately to ensure a robust and accurate claim. We also offer patent valuation services to accurately determine the commercial value of your intellectual property, a crucial step in preparing a compliant and effective claim. We handle the entire claim process, from data gathering and calculation to the final submission of the necessary forms to HMRC.
Why Choose Streets Innovation?
When it comes to something as nuanced as the Patent Box, you need a partner who understands both the technical and financial aspects of your business. Our unique expertise and client-focused culture set us apart from the competition. We don’t just process claims; we build long-term partnerships based on trust and a deep understanding of your business.
Get Started Today
With Corporation Tax at 25%, there’s never been a better time to explore the Patent Box. Streets Innovation can help you reduce your effective tax rate to just 10% on eligible profits. Contact us today to arrange a free consultation, we’ll assess your eligibility and show you how to turn your patented innovation into a strategic financial asset.
