Whilst at the conference, the team identified that many UK businesses that they talked to were cynical about patents. However, intellectual property and patents are an essential commercial tool for all companies in the domestic and global marketplace.
One of the biggest talking points was the UK Government’s “Patent Box” tax-reduction scheme. This scheme helps to offset the cost of the patenting procedure, and can even help your business to yield a much greater financial return, without ever having to use patents in their traditional way.
If you would like to find out more about how the Patent Box can help your business to increase profits and reduce your corporation tax, please get in contact with Graeme.
Read our brochure: What’s in the Box?