All relevant IP income on UK patented product can be streamed where they company can benefit from a 10% corporation tax rate for ‘patented-streamed income’ as apposed to the current rates being between 19%-25%.
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HMRC encourages companies to adopt this regime as this is very underused, where many are not aware of this tax incentive.
If you are interested in looking at what is involved in this regime or planning to use the patent box, please get in touch for a consultation.
SRC Accountancy Services
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