Patent Box
Patent Box is an HMRC scheme that cuts Corporation Tax to 10% on profits earned from patented inventions, in place of the standard 25%. It rewards UK companies that develop and commercialise qualifying intellectual property at home.
To qualify, your company must hold or exclusively licence a qualifying patent (UKIPO, EPO, or certain EEA equivalents) and have undertaken qualifying development on the underlying IP. The relief is calculated using a nexus fraction, which links the size of your tax saving to the proportion of the R&D your company actually did itself — so the more of the innovation that happened in-house, the bigger the benefit.
%
Your New Corporation Tax Rate - with Patent Box
Why Choose Zest Tax?
Expertise
We have extensive experience in handling Patent Box claims across various industries. We understand the complexities of the regime and can guide you through every step of the process.
Comprehensive Service
Unlike our competitors, we don’t make you sign any long-term contracts, so we’ll never take your business for granted.
Tailored Approach
We recognize that every business is unique. Our approach is customized to meet your specific needs, and maximize your tax relief while complying with all regulatory requirements.
Proven Track Record
Our clients consistently achieve significant tax savings through our Patent Box services. We have a strong track record of successful claims and satisfied clients.
Our Process for Claiming Patent Box For Your Business
When claiming Patent Box with Zest, we always tailor the process to your needs, but the 5 steps below have been tried and tested in providing the best outcomes. They are designed to ensure we understand your business and your goals, so we can achieve the best returns for you.
1. Identify Eligible Patents
We’ll help you determine which of your patents qualify for the Patent Box regime.
2. Elect Into the Scheme
We ensure that you only elect into the Patent Box scheme when advantageous to do so, and that you make the most of the other scheme elections to simplify the process as much as possible.
3. Calculate Tax Savings
Our team will perform detailed calculations to determine the tax savings you are entitled to, including streaming your revenue and cost between patent revenues.
4. Prepare Claim
We’ll prepare all necessary documentation and share this with you for sign-off.
5. Submit Claim
We will work with your accountant to submit your claim to HMRC, ensuring accuracy and compliance.
6. Ongoing Support
After your claim is approved by HMRC, either as a reduction in your Corporation Tax bill, or a refund, we provide continuous support to help you maintain compliance and optimize your tax position in future years.
Our Process for Claiming Patent Box For Your Business
When claiming Patent Box with Zest, we always tailor the process to your needs, but the 5 steps below have been tried and tested in providing the best outcomes. They are designed to ensure we understand your business and your goals, so we can achieve the best returns for you.
1. Identify Eligible Patents
We’ll help you determine which of your patents qualify for the Patent Box regime.
2. Elect Into the Scheme
We ensure that you only elect into the Patent Box scheme when advantageous to do so, and that you make the most of the other scheme elections to simplify the process as much as possible.
3. Calculate Tax Savings
Our team will perform detailed calculations to determine the tax savings you are entitled to, including streaming your revenue and cost between patent revenues.
4. Prepare Claim
We’ll prepare all necessary documentation and share this with you for sign-off.
5. Submit Claim
We will work with your accountant to submit your claim to HMRC, ensuring accuracy and compliance.
6. Ongoing Support
After your claim is approved by HMRC, either as a reduction in your Corporation Tax bill, or a refund, we provide continuous support to help you maintain compliance and optimize your tax position in future years.
