Businesses are under immense pressure to produce innovative new products to keep up with the competition.
The Patent Box tax incentive is one of a number of measures to encourage innovation and is potentially one of the most generous tax incentives ever introduced in the corporate arena. It applies to innovative high tech companies and to companies that develop and use patents in their trade, such as manufacturing.
If the answer is ‘yes’ to any of the following questions, then it may be possible to take advantage of the Patent Box regime:
Helping your business make the most of its assets by looking at tax incentives.
Identify R&D projects, and reducing your tax bill.
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