Lincoln office

01522 801111
LOVEN Patents & Trademarks
51 Wragby Road
Sudbrooke
LINCOLN
LN2 2QU
United Kingdom

Hull office

01482 236777
LOVEN Patents & Trademarks
Hesslewood Hall Business Centre
Ferriby Road,
Hessle
HULL, HU13 0LH
United Kingdom

Peterborough office

01733 889444
LOVEN Patents & Trademarks
Asset House
Thorpe Wood Business Park
26-28 Thorpe Wood
PETERBOROUGH, PE3 6SR
United Kingdom

Patent Box

Is your company getting its fair share?

Patent Box is an HMRC scheme which enables companies with qualifying patented inventions to pay a lower rate of corporation tax (currently 10%) on profits earned on the inventions. It was introduced in 2013 and the number of companies claiming it soon reached a fairly steady level, at just over 1000.

Statistics just published by HMRC (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/837487/Patent_Box_Statistics_2016-17_and_2017-18_partial.pdf) show, perhaps not surprisingly, that the south of England sees a concentration of the value claimed, although interestingly Yorkshire figures strongly. And while a reasonable number of East Midlands companies are claiming Patent Box relief, the value of that relief is relatively small. By way of illustration, there are something like 115 companies in London claiming around £530 million, while in the East Midlands around 80 companies claim a total of about £20 million.

If your company is developing new products or processes, or already has patents, call us on 01522 801111 for help is assessing whether Patent Box could apply to you.

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Without an attorney to handle the complex legal and technical issues involved in obtaining good patent and trademark protection, you are very likely to end up with something too narrow in its scope and therefore easy to get round. Trying to save money on a patent or trademark application can prove to be costly down the line. Looking to protect your designs, brand or inventions the right way? Call us today:
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