HMRC's patent box regime will affect businesses liable to corporation tax, who make a profit from exploiting patented inventions.
The regime comes into effect from April 2013 and the benefits will be phased in over five years.
It allows companies to be taxed at a reduced rate of 10% on profits from patents and other innovations, called relevant IP profits (RIPI).
Qualifying businesses include companies who own or exclusively licence in patents granted by authorities such as the UK Intellectual Property Office, as well as other bodies available to view on the HMRC website.
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- First step: RIPI
- Calculating RIPI
- Calculating RP
- How and when to claim
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