Menu
Claim Patent Box tax relief with Counting King to significantly reduce your Corporation Tax on profits derived from patented innovations, ensuring enhanced financial success and stability for your business.
At Counting King, we are dedicated to providing exceptional Patent Box tax relief solutions. Our commitment to excellence has earned us numerous industry awards, showcasing our expertise in delivering outstanding tax solutions, customer service, and innovative financial strategies. By choosing Counting King, you’ll benefit from our award-winning team’s ability to maximise your tax savings on patented innovations, ensuring your business achieves the best possible financial outcomes.
Understanding that business needs can arise at any time, Counting King is committed to providing continuous, round-the-clock support. Our dedicated 24/7 support team ensures that whenever you need assistance with your Patent Box claim, we are just a call or click away. This unwavering availability allows you to manage your tax relief claims seamlessly and without delay.
At Counting King, we simplify the Patent Box claim process, alleviating the administrative burden on your business. We handle all aspects of identifying and claiming tax relief on profits derived from your patented innovations. This approach ensures your claims are processed efficiently and compliantly, making it ideal for businesses seeking substantial tax savings.
When you choose Counting King, you gain access to unparalleled expertise in managing risk, particularly within the complex landscape of Patent Box claims. We are committed to ensuring full compliance with all HMRC regulations while helping you maximise relief on profits from your patented assets. This dedication to compliance not only mitigates the risks associated with potential audits but also safeguards your business’s financial interests, promoting long-term success.
Transparency is a core value at Counting King. We take pride in offering clear, straightforward terms and conditions, ensuring you fully understand the Patent Box process from start to finish. Our transparent fee structures allow you to know exactly what to expect when claiming tax relief on your patented products and processes, fostering trust and enabling you to make informed financial decisions.
Our team consists of seasoned Patent Box specialists who possess extensive knowledge of the complexities involved in patent taxation. Their expertise ensures meticulous handling of your claims, minimising the likelihood of errors and reducing the stress associated with potential HMRC audits. With Counting King, your Patent Box claims are managed by experts who understand the intricacies of maximising tax relief on patented innovations.
Our Patent Box solutions serve as a strategic financial tool, enabling you to significantly reduce your Corporation Tax on profits from patented innovations. By identifying and claiming tax relief on these profits, we help you minimise tax liabilities and maximise your potential savings. With Counting King, you’ll experience consistent improvements in cash flow, providing a solid foundation for stable operations and further innovation.
Speak with a member and explore your
eligibility for the Patent Box incentive.
Our team of experts will conduct an analysis
of your sales ledger and patent application.
Together, we will discover how much you
can reduce your corporate tax liability by.
Our analysts perform a comprehensive review of your financial records related to patented products and processes, ensuring that every qualifying profit is accurately identified and documented. We meticulously prepare and submit your Patent Box claim to HMRC, ensuring compliance and maximising your tax relief.
The Patent Box is a UK government tax incentive designed to encourage companies to innovate by offering a reduced rate of Corporation Tax on profits earned from patented inventions. This scheme allows businesses to benefit financially from their intellectual property.
To qualify for the Patent Box, a company must be liable to Corporation Tax in the UK and own or exclusively license patents granted by the UK Intellectual Property Office, the European Patent Office, or certain other European jurisdictions. Additionally, the company must have been involved in the development of the patented invention.
Qualifying income includes profits from selling patented products, income from licensing patents, proceeds from the sale of patent rights, compensation for patent infringement, and income from using patented processes.
R&D Tax Credits provide relief on the costs of research and development activities, whereas the Patent Box offers a reduced tax rate on profits generated from patents resulting from that R&D. Both schemes can be used in conjunction to maximize financial benefits.
Calculating Patent Box relief involves determining the relevant IP income, identifying the profit attributable to qualifying patents, and applying the reduced 10% tax rate. This can be a complex process, and it’s advisable to consult with a tax specialist to ensure accuracy.
Yes, small and medium-sized enterprises (SMEs) can benefit from the Patent Box if they hold or exclusively license qualifying patents and generate profits from patented inventions. The Patent Box can significantly reduce the effective tax rate on these profits.
To claim Patent Box tax relief, you need to make an election in your company’s Corporation Tax return. The election must be made within two years after the end of the accounting period in which the relevant profits and income arose.
Claiming the Patent Box results in a reduced Corporation Tax rate on qualifying profits. This reduction is reflected in your company’s tax return, lowering the overall tax liability for the relevant accounting period.
To support a Patent Box claim, you need detailed documentation, including records of qualifying patents, income and profits attributable to those patents, and evidence of the company’s involvement in developing the patented invention. Proper documentation is crucial for compliance and maximising the benefit.
Using a specialist ensures that all qualifying income is identified and that the claim is maximized while ensuring full compliance with HMRC regulations. Specialists can also navigate the complexities of the Patent Box calculation and submission process, reducing the risk of errors and potential challenges from HMRC.
To find out more, get in touch with our experts and download our free digital brochure today.
Maximise your property investments, reduce tax liabilities and enhance fiscal efficiency.
Secure stronger grant funding with smart financial strategies and enhance your financial backbone.
Maximise tax benefits for your property projects in need of remediation, therefore reducing overall costs.
Contact Us to learn more about we can help you claim The Patent Box relief.