Making the Most of the New UK 'Patent Box' Tax Regime

摘要

This comment provides an overview of the UK patent box regime which is due to come into force (in part) in April 2013. Worldwide profits from the exploitation of eligible patents or other qualifying rights held by qualifying companies will ultimately be subject to a UK corporation tax rate of 10 per cent (as compared with 21 per cent which is likely to be the main rate of UK corporation tax when the patent box is fully in force). The article considers the benefits and opportunities the new regime will offer.