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Patent Box

Patent Box — 10% Corporation Tax Rate on IP Profits

Offers United Kingdom innovation firms an improved tax route on qualifying intellectual property income.

Between cyclesHM Revenue and CustomsUnited Kingdom
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About

Patent Box is an HMRC elective scheme that reduces the Corporation Tax rate on profits derived from qualifying patents to 10%, compared with the 25% main rate in force since 2023. Companies do not apply to HMRC for approval; instead, they elect into the scheme on their Corporation Tax computation or in a separate written election submitted within two years of the end of the relevant accounting per…

What this grant funds

Profits from exploiting qualifying patents (UK IPO, EPO, and 13 named EEA national offices). Also covers qualifying medicinal/botanic innovation rights.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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What you have to submit

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Timeline

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Last verified: 22 Jul 2026Source: www.gov.uk