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On the 6 December the Government published proposed legislation for the introduction of a new 'Patent Box'; a reduced 10% corporation tax rate on profits from patented products and services.
The Patent Box is likely to generate substantial tax savings for companies which sell products or services that are patented or exploited under an exclusive licence. Importantly, it is now proposed that the Patent Box will apply to existing patents and other eligible IP when it is introduced in April 2013.
Click here to download a summary of the opportunity that the Patent Box brings.
For further information, contact David Clift on 01452 634800 or david.clift@hazlewoods.co.uk
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