The 'Patent Box' regime comes into force in April 2013. It entitles a company to apply a lower rate of UK corporation tax on worldwide profits earned from its patents in the Patent Box. The lower rate will be phased in from April 2013, and will be as low as 10% from April 2017.
Which UK taxpayers qualify for the regime? What can be done to prepare for the changes? Wragge & Co's tax and intellectual property specialists have prepared an overview on the Patent Box.
To read on, click 'View Briefing'.