Patent Box
Patent Box
Patent Box attracts innovators to the UK by reducing the corporation tax rate from patents to about 10%.
We advise clients on how to:
- Implement and manage Patent Box correctly.
- Integrate Patent Box relief into your wider corporation tax planning using, for example:
Our Service
- We are a full-service firm, based in West London.
- We’re a mid-sized firm of Chartered Accountants. We:
- Have the depth of resources to help you with Patent Box needs – and your wider requirements.
- Are small enough to care for you as a client.
Case Study: Pharma Engineering
The problem
Pharma, a successful Oxford-based, engineering company has developed several products it sells worldwide. But they also needed to continue to invest in its products – whilst rewarding the owners for their efforts.
How we helped
We advised on:
- Remuneration structures to optimise the combined effects of R&D tax credits and Patent Box.
- The potential impact of changing rules.
- Protecting and maximising future claims so they continued to minimise their taxes.
The result
- Pharma didn’t need to pay taxes.
- The increased cash flow was used to re-invest in growing the company.
- Pharma’s value grew, and the owners were able to extract money from the company.
Senior Tax Team
J Stuart Thomson MA CA FCT ATT MCSI
Group Managing Director
- Chartered Accountant (Institute of Chartered Accountants of Scotland)
- Associate Chartered Accountant (Institute of Chartered Accountants of England and Wales)
- FCT – Fellow of the Association of Corporate Treasurers
- MCSI – Member of the Chartered Institute of Securities and Investments
- ATT – Association of Tax Technicians
Karen Stone FCCA
Senior Enquiries Lead – Accountancy and Tax Advisory Services
- Fellow of the Chartered Institute of Certified Accountants (FCCA)
- Member Association of Accounting Technicians (MAAT)
- Advises owner-managed businesses, personal tax and trust clients.
- Works with our tax and accounts departments in an advisory role.
Geeta Morgan FCA CTA MSCI Prof. PgDip (GRC)
Audit Director
- As Audit Director, has audited the States of Guernsey and the Guernsey Financial Services Commission.
- FCA – Fellow Chartered Accountant (ICAEW)
- CTA – Chartered Tax Advisor
- MSCI – Member of Chartered Institute for Securities & Investments
- Prof.PgDip (GRC) – Fellow of the International Compliance Association
- Has never lost a client due to work quality or failing to meet expectations.
Peter Briant CTA
Tax Manager
- Chartered Tax Advisor with 20 years experience.
- HM Revenue and Customs (HMRC) Inspector of Taxes.
- Has worked in tax strategy, tax investigations, large business, public sector, personal tax and corporation tax.
- Represented HMRC in discussions with foreign fiscal tax authorities.
Ian Dodge ATT
Senior Tax Manager
- Association of Taxation Technicians (ATT)
- Certified in Probate and Estate Administration
- Ian leads our tax advice services.
- Over 20 years of experience, he previously worked for HMRC.
- Provides technical tax support for tax barristers.
Contact us to discuss implementing Patent Box for your company.