What is Patent Box Relief?
If you are searching for a way to ease the burden on your business, Patent Box Relief may be the very thing you have been looking for.
But how are you meant to make use of something you know nothing about? That is what we are here to help you with. Kene Partners is the authority on Patent Box Relief and we are the industry leader in helping companies access tax relief on the profits they have obtained through patented inventions.
Before we deliver the roadmap to getting tax relief, we should explain what Patent Box Relief is and provide the information for you to assess whether your business is eligible.
What is Patent Box Relief
Your company will qualify for Patent Box Relief if it is liable to Corporation Tax and turns a profit through the use of its patented inventions and can exclusively license them in, having also invested in the research and development of the respective patents.
However, that does not mean that you are excluded if other companies are using your patented designs for their own profits and further design developments.
If this is the case, you and your company must have the rights to develop, exploit and defend the rights of the patented invention while also having one or more rights to the exclusion of all other persons.
Finally, you or your company must retain the exclusivity throughout an entire national territory as a minimum.
Hopefully, your company falls into one of the above, as Kene Partners will be able to help you immediately.
Why choose Kene Partners?
We understand how expensive it can be to research and develop a product and how important it is for SME’s to make the most of the money that have available. That is why we have been trusted by the likes of DRS, FESPA, Fifocapital Business Finance, MPW Insurance Brokers and many more to assist in the return of critical R&D funds and the full exploitation of your patents for profit.
Having access to the right partner to establish a diligent approach to deliver effective Patent Box Relief is critical as the process involves working with the government and a faultless understanding of the regulations in place.
Patent Box Relief may be the difference between your company being able to overcome your key competition or falling by the wayside. You understand how important small advantages can be in the current economic climate, which is why you cannot afford to pass up on an opportunity to get ahead.
Patent Box Relief represents an intelligent move by the UK government to support businesses which work hard to innovate and develop products and Kene Partners know exactly how to help you and your business benefit.
We have a comprehensive and distinguished understanding of the permutations of patents across; transport, sewage and waste disposal, sciences, retail, real estate, mining, information and communication, food and beverage, energy, finance, agriculture and construction.
The fact that Kene Partners operate across so many sectors, should give you the confidence that you need to work with us to unlock access to Patent Box Relief.
Arrange a free consultation with our team of experienced and approachable tax incentive advisors today. At Kene Partners, our mission is to help innovative companies access millions of pounds of government money set aside to foster innovation. Your business could be next.