?~/~?
you're reading...
Uncategorized

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.

 

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: