Patently obvious... open the box & take the money

The Patent Box means the tax rate on profits made from patents is to drop to just 10%...

This is a cracking way to encourage firms to patent their Intellectual Property (IP), and exploit it from here in the UK.

Any profits derived from exploiting a patent you own will be taxed in future at 10%... and not the current 20%

Patents can cost as little as a few grand to file... so should easily pay for themselves... because you get up to 20 years of paying tax at the reduced rate

So why not take a look at your IP... and take a look at Patenting some of it  ?