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The UK government has introduced a preferential tax regime for profits arising from patents, known as the Patent Box, which allows companies to apply a 10% rate of Corporation Tax to profits attributable to qualifying Intellectual Property (IP). The scheme aims to provide a competitive environment for technology-focused businesses.

Cleveland’s attorneys are skilled at preparing patent applications that can maximise the value of Patent Box. We can also conduct portfolio reviews to identify qualifying patents, and gaps in Patent Box coverage.

For more information please consult our Patents Box Experts…