The UK Government provides tax reliefs to incentivise and encourage companies who are entrepreneurial and come up with innovative ways to progress and develop technological advancements, especially tax reliefs for Corporation Tax. This article discusses the Patent Box regime which benefits companies who exploit intellectual property (“IP”) rights, and will be particularly useful for companies with the rise of Corporation Tax to up to 25% from 01 April 2023. The Patent Box: A Brief Introduction The UK Patent Box tax regime operates by applying a deduction to the Corporation Tax bill, effectively reducing the tax rate on profits from the use of patents or other similar IP rights to 10%. This is compared to the current Corporation T...