Patent Box Archives

UK businesses fail to protect their innovation

A government study reveals that a surprisingly low number of UK businesses protect their valuable innovations through patents, according to a recent report from the Intellectual Property Office.

Patent Box: An untapped opportunity

Earlier this month, the Chancellor promised an additional £780 million investment in high-tech hubs across the country, which followed the Prime Minister’s announcement of £180 million to support centres in the North East just last month. The significant investment we have seen the government make in UK innovation over the past 12 months demonstrates the key role it plays in building a stronger economy.

Missed opportunity for businesses with patents

Businesses are failing to take advantage of the significant opportunity presented by the governments Patent Box initiative.

Patent Box: your questions, answered

We understand that the scheme rules can be very confusing, so we’ve answered some of the commonly asked questions for you .

Design and innovation drives award-winning LED lighting company

Shaun founded tp24 in 2005 to provide stylish yet energy efficient lighting into new build homes. Along the way tp24 have collected numerous awards for their low energy designs and now they are one of the UK’s leading LED lighting design and manufacturing companies.

Patent Box: What you need to know

The Patent Box regime is a Corporation Tax relief, introduced in April 2013, which enables companies to pay a reduced rate of tax (10%) on profits generated from patented inventions. Our Head of Tax Lisa Waller, explains more.

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