What is the Patent Box tax relief scheme?

Patent Box Relief was introduced in 2013 to incentivise companies who hold and exploit intellectual property (IP) in the UK. It provides companies who hold such patents the opportunity to pay a lower effective rate of corporation tax on those profits.

In recent years, changes in corporation tax rates have seen many companies looking at possible ways to reduce their liabilities. From 1 April 2023, the main rate of corporation tax increased to 25%, while the effective Patent Box rate stayed at 10% - this meant that the tax benefit of utilising the Patent Box scheme now offers a 15% saving compared with the original 9% it gave.

Book a Consultation

Take-up of the Patent Box regime has seen an increase because of this activity. All sectors can qualify for this form of tax relief, so do please get in touch with us to discuss how your company can benefit.

Now is a great time to consider making an election into the regime, as the process has been simplified in recent years. Here at Acute, we also support existing Patent Box claimants with ensuring they have a robust and optimised claim methodology – if you have claimed previously, please do feel free to get in touch to discuss your claim process.

Why choose Acute Business Advisory?

Simplifying a complex scheme

We understand that the process can be arduous and overly complicated, often leaving you, the client, to handle much of the heavy lifting. At Acute, we take a different approach by simplifying the process and taking on the burden ourselves. This way, you can focus on what you do best — running your business.

Guaranteed Repayment of Fees

At Acute, we stand behind our work with a commitment to fee repayment. If you don't receive a successful result to your claim we guarantee the repayment of our fees. Just to make it clear, our fees are only due once the relief has been applied or the money is in your account. You will never be out of pocket with Acute.

Ongoing, Proactive Support

Our relationship with our clients goes beyond the annual call. We believe in ongoing, proactive support, maintaining regular contact not just when your accounts are due, but throughout the year. This approach helps us, to help you, prepare a more robust claim and allows you to invest with confidence, maximising and growing your claim each year as your business grows in turn.

Comprehensive Compliance Protection and Support

Navigating the complex landscape of tax credits and business compliance can be daunting. That’s why we include proactive compliance protection and support, ensuring that you're always ahead of regulatory changes and requirements.

R&D Successful outcome thanks to Fabien.

Fabien guided us through the process with ease and confidence, the R&D consultation and outcome were very beneficial to our company and we thank Fabien for his advice and contact. We would highly recommend any Ltd company to speak with them, you have nothing to lose, just gain.

Helen

We wish we had heard of Acute Business Advisory sooner!

I'm so glad that we answered Acute Business Advisory's phone call back in April 2023; since then we filled 3 R&D claims and successfully received tax relief on all. I had prior knowledge of the scheme via a different sector I worked in, but I never thought our joinery business would be eligible. Billie at ABA was very knowledge and friendly, she clearly explained the parameters and it became clear we had a very strong case, and have probably been producing R&D eligible work for decades. I would highly recommend Acute Business Advisory and only wish they had reached out to us sooner!

Kate

Fantastic service. Having dealt with R&D advisors previously we'd had terrible experiences.

Acute are in a totally different league.

Billie was a pleasure to deal with and we look forward to a continued relationship in the future.

John

Guide to Research and Development

Looking to maximise your business's financial potential? Our comprehensive guide to Research and Development Tax Credits is here to help. Packed with valuable insights and actionable tips, this guide will equip you with the knowledge and strategies necessary to identify and claim R&D tax credits for your business. Our expert team of tax specialists has distilled years of experience and expertise into an easy-to-read format that is accessible to both seasoned business owners and newcomers alike. Download our guide today and take the first step towards a brighter financial future for your business.

Download Guide

Working with Acute Business Advisory

Consultative Approach

At Acute Business Advisory, we take a highly consultative approach when working with our clients. We believe that the best outcomes are achieved through a collaborative and tailored approach, which is why we invest the time to understand our clients' unique needs, goals and challenges. Our advisors work closely with clients to gain a deep understanding of their business, and then provide customised, actionable recommendations based on that understanding. Our goal is to not only provide expert advice, but also to empower clients with the knowledge and tools they need to make informed decisions and drive business growth. Our consultative approach is designed to ensure that our clients feel heard, understood, and supported every step of the way. If you're looking for a partner who truly cares about your success, Acute Business Advisory is here to help.

Team of Experts

At Acute Business Advisory, we are proud to have a team of experts with a wealth of experience and knowledge. Our advisors come from diverse backgrounds and bring a wealth of expertise to the table, allowing us to provide tailored, comprehensive advice to our clients. Whether you need support in finance, require advice on your exit options or a valuation for your business, we have an expert on our team who can help. Our advisors stay current on the latest industry trends and best practices, ensuring that our clients always receive the most up-to-date, relevant advice. We are committed to providing our clients with the highest level of service, and our team of experts is at the forefront of this effort. With Acute Business Advisory, you can trust that you're working with a team of experts who are dedicated to your success.

Network of Professionals

Acute Business Advisory has a robust network of professionals that we leverage to support our clients in many different ways. Not only do we host networking events to bring our clients and industry leaders together, but we also tap into our network to provide our clients with access to a wide range of specialised services. This enables us to offer a one-stop-shop solution for all of our client's needs, no matter how complex or niche. Our network is made up of trusted professionals who share our commitment to delivering high-quality, personalised service. By working with our network, we can provide our clients with the support and resources they need to achieve their goals, whether that means connecting them with new partners, finding specialised services, or providing access to capital. With Acute Business Advisory, you can trust that you're part of a wider community of professionals who are dedicated to your success.

Understanding the Eligibility Requirements for UK Research and Development Tax Credits

Looking to claim Research and Development (R&D) tax credits in the UK? Check out our latest blog that explains the eligibility requirements you need to meet to claim this valuable form of tax relief. From company size to R&D activity, expenditure, and supporting documentation, we break down everything you need to know to successfully claim R&D tax credits.

Blog

Patent Box Tax Relief