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Tax ReliefOften worth professional helpUK-wide

Patent Box

HM Revenue & Customs

Description

Cuts the effective Corporation Tax rate to 10% on profits earned from patented inventions and certain other qualifying intellectual property, well below the standard rate. To qualify, your company needs to own or hold an exclusive licence for the qualifying patents and to have carried out genuine development work on them, not simply bought them in.

Amount

Effective 10% Corporation Tax rate on qualifying patent profits

Deadline

Rolling / no fixed deadline

Eligibility summary

  • Available across the whole UK (England, Scotland, Wales, and Northern Ireland).
  • Applicant must be a registered business.
  • Most relevant to: Research & Development, Manufacturing, Technology & Digital.
Requirement
Company must own or exclusively license qualifying patents and have undertaken qualifying development.

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You can also do this yourself for free via the official source

How to apply

Elect into the Patent Box via your Corporation Tax return within 2 years of the relevant accounting period end.

View official source

Last verified: 1 August 2026. See the footer disclaimer — this is general information, not financial or tax advice.