In this podcast, David Gillies - Head of Tax at Friend Partnership - takes a look into the Patent Box tax relief scheme. 

Patent Box has been in existence in the United Kingdom since 2013 and was introduced to encourage companies which make a profit from patented inventions to retain their intellectual property in the UK.

In order to access the tax incentive, a company must have a qualifying patent, meaning that it must hold qualifying intellectual property rights or an exclusive license. By electing into the Patent Box regime, a company can benefit from a 10% rate of Corporation Tax on its income from patented products or processes, as opposed to the current corporation tax rate of 19% (going up to 25% in 2023)

In this podcast we look at what a trust is and how they are formed. Their role, purpose, tax implications and associated costs

We're going to be talking about tax efficient methods of succession planning. What to do with your business when you want to retire, take a step back or go off and do something completely different.

Specifics include Employee Ownership Trusts, Management Buyouts and General Sale

In this episode we are going to be specifically looking at the somewhat daunting task of dealing with a HMRC enquiry into your tax relief claim