Patent box

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The Patent Box tax incentive

Innovative businesses were encouraged by the introduction of the Government’s Patent Box regime, which came into force from 1 April 2013 and allows companies to apply a 10% corporation tax rate to worldwide profits generated from the exploitation of certain patents granted in the UK or Europe.

If your business is liable for corporation tax and deals in patents or develops newly patented products you could be in line for substantial cash savings. Patent Box works with research and development (R&D) tax credits and could result in tax cuts over the next five years, but the whole field is complicated and it is recommended that you contact our team for advice and ongoing support.

You may find our tax briefings download informative.

Partnership tax

The tax affairs relating to partnerships and LLPs are extremely complicated.

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Corporate tax

Corporate tax compliance obligations are complex and costly, and the Government introduces new measures each year.

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VAT

Although it was originally designed as a simple tax, VAT has become increasingly complex.

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Share schemes

Share schemes are an incentive to staff, and we can help with the setting up and management of these.

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Tax investigations

Enquiries and investigations from HMRC can be stressful, time consuming and costly.

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R&D tax credits

The opportunities for claiming R&D tax credits are much wider than generally appreciated.

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Employment tax

We can give comprehensive advice on employment tax matters, and practical problems which may arise day to day.

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International tax

We offer tax planning and comprehensive information to those entering the global market.

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Land & property tax

We can deal with all matters, including tax relief on capital allowances, which are complex in the extreme.

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Change to Whitley Stimpson

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Step 1

Confirm to your accountant that you wish to move to Whitley Stimpson

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Step 2

Supply Whitley Stimpson with your existing accountant’s details

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Step 3

Relax. We’ll handle the rest.

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