IP and tax

IP and tax

The UK government has consistently sought to position the UK as one of the world’s most attractive environments for innovation and enterprise. This has involved developing a number of tax benefits incentivising innovative businesses at both investor and business level and for businesses at each stage of their lifecycle. These tax benefits include:

•
patent box
•
research and development (R&D) tax reliefs
•
capital allowances for purchases of:
1. ◦
  know-how
2. ◦
  patents, and
3. ◦
  R&D
•
business asset disposal relief (formerly entrepreneurs’ relief)
•
venture capital trusts
•
the enterprise investment scheme, and
•
the seed enterprise investment scheme

Patent box tax regime

The aim of the patent box regime is to provide an incentive for companies to develop and retain patents and other qualifying IP within the UK. For more information, see: Patent box—overview.

R&D tax reliefs

Companies may be entitled to corporation tax relief in respect of qualifying expenditure that they incur on R&D. For more information, see: R&D reliefs—overview.

Patent,

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