Patent Box
Supports companies in the United Kingdom by taxing qualifying patent profits at a reduced rate.
Patent Box allows companies to elect into a 10% effective Corporation Tax rate on profits earned from exploiting qualifying patents — significantly below the standard 25% main Corporation Tax rate (from 2023). Qualifying patents must be granted by the UK Intellectual Property Office (UK IPO), the European Patent Office (EPO), or one of 13 EEA national patent offices (Austria, Bulgaria, Czech Republic, Denmark, Estonia, Finland, Germany, Hungary, Poland, Portugal, Romania, Slovakia, Sweden). The company must own or exclusively licence-in the patents and must have undertaken qualifying development. Election is required within 2 years of the end of the relevant accounting period — made in writing with the Corporation Tax computation or separately. Post-30 June 2016, nexus rules (OECD BEPS Action 5 compliant) require an R&D fraction calculation where the company has made acquisition payments or connected-party R&D payments. Qualifying income types include: sale of patented products, licensing, sale of patent rights, infringement income, damages, and notional royalty for patented process/tool use. No application form; self-claimed via the Corporation Tax return.
Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.