patent box
patent box
As part of the corporate tax road map process, the UK Government is introducing a new Patent Box regime from April 2013. The regime is designed to encourage companies to locate high-value jobs and activity associated with the development, manufacture and exploitation of patents in the UK. The new regime allows companies to apply an effective 10 percent preferential rate of corporation tax to profits attributable to patents. This preferential rate is to be phased in from April 2013. (Updated by PwC, March 20 2013) [1]