Patent box does it cover software?
There are many misconceptions as to whether software can be protected with intellectual property – the answer is it can be protected.
Patents are not always the right route to protect software, but when it is possible then patent box could well benefit the business by reducing corporation tax.
Patenting software in the UK (and Europe) is difficult unless the software innovates and solves a technical problem or improves a technical process. As more businesses work this out more and are successful with patenting software, the more the patent box tax reduction benefits are flowing to their bottom line.
Business Intellectual Property
Exalt IP experts in Business Intellectual Property.
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