The UK Patent Box is a generous tax incentive. Innovative companies will pay tax on their Patent Box profits at just 10% compared to the current rate of corporation tax of 19%.
The Patent Box complements existing, valuable tax incentives for Research and Development (R&D). In principle, therefore, tax incentives are now potentially available for the whole of the innovation lifecycle; from costs of development through to generation of profits from the resultant improved technology, if it is patented.