The Government has published consultation documents on the Patent Box and R&D tax credits as part of its plans to make the UK’s tax system more competitive for business.
The Patent Box will apply a 10% corporation tax rate to profits attributed to patents from April 2013. This is rather than the 24% corporate tax rate that will then be in force. The document, published last week, consults on detailed proposals for the Patent Box’s implementation, and gives more information about which patents and…
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