Patent box relief
The Patent Box regime will apply a 10% corporation tax rate to profits attributed to patents by 2017 the reduction the the tax rate chargeable will be phaseed in between 2013 and 2017.
Your company can benefit from the Patent Box regime if the company owns or exclusively licenses patents granted by the UK Intellectual Property Office, European Patent Office, or a number of other countries in the EEA.
Your company or another group company must also have undertaken qualifying development for the patent by making a significant contribution to either the creation or development of the patented invention or a product incorporating the patented invention.
To be relevant IP (intellectual property) income, it must come from ‘relevent income streams’ as determined by the legislation.
Further details can be found by following the link HM Revenue & Customs- Patent box.