Patent Box Tax Relief
Reduce your Corporation Tax to just 10%
95% of eligible companies don't apply for tax relief.
Patent Box Tax Relief reduces your Corporation Tax from 19% to 10%. Which means a single application could save you thousands, every year, for the next 20 years.
Reduce your Corporation Tax
Working with hundreds of ambitious startups
Why work with us?
Finances made easy
Patent Box Tax Relief is an incredible incentive for innovative companies, but it’s also complex to qualify for. Our team of experts navigate the intricacies so you don’t have to.
Long term financial security
If done correctly, Patent Box Tax Relief can reduce Corporation Tax from 19% to 10% for up to 20 years. With our dedicated professionals we can secure your business' future for the next two decades. Imagine what you can do with that kind of growth.
Save before it’s too late
Corporation Tax could increase. By mid-2023 some companies may pay up to 25% in Corporation Tax. Avoid that now with our Patent Box Tax Relief service and maintain your savings for the future.
Multiply your savings
Our dedicated R&D Tax Credit services can work alongside Patent Box Tax Relief. Save thousands more by combining the two services for maximum benefit. When used together correctly, they reduce Corporation Tax and provide cash relief for your business.
The process
Identify
One of our Patent Box experts will identify any qualifying Patent Box products, outline the expected costs and process the patents.
Map & maximise
Next, we’ll map sales by qualifying/non qualifying IPs, and advise you how to maximise the proportion of qualifying sales.
Elect & review
We’ll elect you into the Patent Box scheme. and review before any R&D Tax Credit claims are made - to source and secure the maximum relief under both schemes.
Compile & submit
We’ll take care of HMRC so you don’t have to. Our team compiles and submits all Patent Box claim reports.
Claim
After confirmation, your tax benefit is ready to claim. Now you have to decide where to reinvest those profits!
Accountancy Cloud helps us to hire quickly, they consistently provide affordable essential accountancy services and they’ve supported our R&D tax credit application every year successfully!
As a business that has grown organically, sound cashflow management and revenue reporting/scrutiny has been key and the Accountancy Cloud have helped a lot. Every R&D tax claim has gone smoothly and successfully.
Great experience working with AC's professional and knowledgeable team!
We’re finally able to make business decisions based on forecast cashflow and the financial health of our business. Their communication with our team has been extremely proactive, it feels like we have a CFO in-house with the service they’ve provided.
Online accounting for startups. Start your journey with us.
Take control of your finances with Online Accounting
Unlock the value of R&D Tax Credits
Fuel your growth with our flexible CFO services
Our commitment to your financial success
Whether you start, grow or scale, our team is here to help make sure your finances are in order. See what running a business is like with Accountancy Cloud.
What else can you get?
We've helped our clients achieve...
- Over £500 million in funding
- Exits for 10+ startups
- Increase average revenue by 300%
- Cash burn savings of £30 million