About the Patent Box
Beyond securing loans, SMEs can benefit from tax incentives like the Patent Box. The Patent Box regime allows companies to apply a lower rate of Corporation Tax to profits earned from patented inventions. This incentive encourages innovation and investment in R&D by making IP more financially rewarding. For example, a biotechnology firm with several patents on new drug formulations can take advantage of the Patent Box to reduce its tax liability significantly. This reduction frees up capital for further research and development, accelerating innovation and growth.
Webinar - Unlocking Innovation: Your Guide to the Patent Box Regime
This webinar will provide insights into the workings of the Patent Box Regime and outline the potential benefits of the regime and how they may help your business. It will be introduced by Huw Jenkins (a European and UK Patent Attorney Secerna LLP) and presented by Sahdia Raja (a Tax Incentives Senior Manager at S&W).