Tax savers: A guide to the Patent Box Scheme
The Patent Box scheme was introduced by the UK Government on 1st April 2013, enabling businesses to claim a lower rate of Corporation Tax on profits made on their patented inventions, providing certain requirements are met. But how does it work and what are the benefits?
Thankfully, London-based accountants, Kingly Brookes LLP, have provided this handy infographic to explain it all:
