The new Patent Box tax incentive is phased in this month allowing qualifying companies to claim a beneficial rate of corporation tax of just 10% (by 2017) on worldwide profits derived from qualifying patents. Responses from UK business so far has been disappointingly muted so its good to see that this new relief is attracting … Read morePatent Box: shows UK is open for international business
The new beneficial Patent Box rules will be introduced with effect from 1 April 2013 and it is important therefore that companies consider how they might benefit from a 10% corporation tax rate. There is a common misconception amongst tech companies that software cannot be patented (although this misconception is understandable when you take an … Read moreCan my tech company claim 10% Patent Box relief on software?
In the same way that £ms are potentially being lost on R&D tax credit claims across the north west, it also appears from my discussions with companies that too few businesses are aware of the forthcoming Patent Box company tax relief. Admittedly, the Patent Box is a brand new tax incentive to be introduced with … Read moreSMEs could miss out on £1bn Patent Box tax relief
You may already be successfully claiming R&D tax credits for your fast growth company. If so, you might be wondering what’s next in terms of tax incentives to assist your business once you have gone beyond the research and development phase and into the phase of commercial exploitation? Up until now, there hasn’t been much…. … Read more10 need to know facts about the UK Patent Box