28 November 2022 · Articles, Innovation, IP Value
Innovation Incentive Schemes explained by Claritas Tax. Innovation incentives are designed to support innovative and high growth companies. R&D Tax Credits and Patent Box are two such schemes in the UK. The R&D tax credit scheme has been around for over 20 years and the patent box scheme for about half of that time. The […]
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24 November 2022 · Articles, Innovation, IP Value
Can I still claim on Patent Box if my patents aren’t granted yet? You can still claim for the time between patent application and grant Once the patent is granted you can make a claim for the profits arising from the patented product or service, for the time from when the patent application was submitted and the time it took to obtain the granted patent.
Read More17 November 2022 · Articles, Innovation
How will this hurt the tech sector and innovation? The UK government seeks £4.5 bn in savings from R&D tax credit cuts by targeting SMEs and start-ups. The Autumn statement used a blunt instrument to attempt to tackle spurious claims but really it was an easy way of saving the government money. We all agree […]
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15 November 2022 · Articles, IP Value
Can you claim patent box on the same thing as you have claimed R&D tax credits on ? Yes. Actually you must have carried out R&D on the patented item to be able to claim patent box relief anyway Patent Box claims can be highly valuable to your business – reducing corporation tax payable on […]
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8 November 2022 · Articles, IP Value
There are many misconceptions as to whether software can be protected with intellectual property – the answer is it can be protected.
Read More3 November 2022 · Articles, Innovation, IP Value
One patent over one essential element, qualifies the whole of the profit derived from the product or service for patent box.
Read More1 November 2022 · Articles, IP Value
Is the benefit worth it? It depends whether a 47% to 60% reduction in tax payable on qualifying profits is interesting to you? Patent box claims can be very valuable to a UK business, even more so when corporation tax increases to 25% next April It takes a bit of effort to set it up […]
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19 October 2022 · Articles, IP Value
Engineering companies do benefit from the Patent Box, but so do companies in a range of other sectors.
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18 October 2022 · Articles, Innovation, IP Value
Only one essential element of how the product or service works needs to be patented to qualify for patent box relief
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14 October 2022 · Articles, IP Value
In the UK if you have a patent on a product that is successful in the market place you might be able to reduce your corporation tax by 60%
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10 October 2022 · Articles, Innovation
R&D in smaller businesses is 60 % greater than predicted
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6 October 2022 · Articles, IP Value
In the UK if you have a patent on a product that is successful in the market place you might be able to reduce your corporation tax by nearly 50%
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