Our Patent Box Services

TAP has brought together a team of experienced professionals with a unique depth of experience in taxation reliefs for innovative companies, patent law and management.

We can work with clients in the following ways:

  • Initial no-obligation assessment  We want to hear from innovative companies and we will offer a free initial telephone assessment on the potential application of the new Patent Box tax regime to your business.
  • Feasibility study  If the Patent Box has application to your business, we can offer an initial feasibility study to assess whether and to what extent, making a Patent Box claim will provide a cash benefit for your company or group.
  • Patent Box Report and Computation  Our team will prepare a full Patent Box eligibility report and tax computation for submission to HMRC, setting out the basis and quantum of your company’s Patent Box claim.
  • Liaison with HMRC  Patent Box is a legitimate incentive offered by HMRC and they want eligible Companies to be making claims. It requires an “opt in” election and acceptance of the claim by HMRC. Our team is very experienced in liaising with HMRC in relation to innovation incentives and corporation tax reliefs. As part of our submission service we will provide any liaison required with HMRC and deal with any queries they may have.
  • Planning services  We are uniquely placed to advise on ways of ensuring your company makes the most of the innovation tax reliefs. Some of the planning services we can offer are as follows:
    • help you in assessing whether patent protection will sufficiently reduce your corporation tax liability to justify the cost of the patent process;
    • advise on whether actual or proposed patent licence agreements are drafted appropriately from a Patent Box perspective;
    • provide advice in relation to the best way to structure your group’s IP arrangements in order to take advantage of both Patent Box and R&D Tax Reliefs.

For more information, contact us on 020 80371030 or complete the form on this page and one of our specialists will come back to you.