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Patent Box – Consultation on how 10% corporation tax will apply

Is a Patent box thinking out of (or in )the box?

The UK Government has issued a consultation over the introduction of a preferential regime for profits arising from patents, known as a Patent Box. Apparently, this will allow companies to apply a 10% corporation tax rate to profits derived from UK & EPO issued patents.

The move is designed to encourage companies to locate high-value jobs and activity associated with the development, manufacturing and exploitation of patents in the UK and enhance the competitiveness of the UK tax system for high-tech companies that obtain profits from patents.

I don’t quite know (yet)  how this will work (or whether it will in fact have tangible results to all that treasure everything patenty!), but more details can be found here.




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