10% Tax on ‘Patent Box Profits’
At SMH Chartered Accountants ,we understand the importance of innovation and investment in research and development (R&D) for businesses looking to stay ahead of the competition. We offer R&D Tax Relief and Patent Box services to help companies benefit from tax incentives designed to encourage innovation and growth.
What is 10% Tax on ‘Patent Box Profits’
In addition to R&D Tax Relief, our team can also help you take advantage of the Patent Box scheme. This scheme provides a reduced rate of corporation tax on profits earned from patented inventions and certain other intellectual property.
If your company is involved in innovative activities or has patented inventions, you may be eligible for the Patent Box scheme, which could help you reduce your corporation tax liability to as low as 10%.
Our team of tax specialists has extensive experience in helping companies claim R&D Tax Relief and Patent Box incentives. We work closely with our clients to understand their business and identify qualifying R&D projects and patentable inventions. We then prepare and submit claims to HMRC on their behalf.
Our services include:
- Identifying eligible R&D projects and patentable inventions
- Preparing and submitting R&D Tax Relief and Patent Box claims
- Maximizing the amount of relief and tax savings
- Providing ongoing support and advice
If you think your company may be eligible for R&D Tax Relief and the Patent Box scheme, contact the SMH Chartered Accountants team on info@smh.group or 0114 266 4432 to arrange a consultation with one of our tax specialists. We can help you identify the opportunities available to your business and ensure you benefit from the maximum tax relief available.
