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Legal Briefing
Favourable tax treatment for Patent Boxes in the UK?
Practice Area: Patents
Sector: Business services
Jurisdiction: England & Wales
Published: 26 February 2010
Law Firm: Mayer Brown
Overview
(a) The Chancellor, Alistair Darling, announced in the Pre-Budget Report on 9 December 2009 that he plans to introduce a so-called “patent box” which would give a favourable tax treatment to income derived from patents.
(b) This new regime is part of a drive to make the UK more attractive to high-tech companies. It is hoped that the patent box will encourage these companies to locate their research and development (“R&D”) functions in the UK to take advantage of the change which will be introduced in April 2013.
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