Cerys Wyn Davis, partner at Pinsent Masons LLP goes through the workings of the Patent Box – a new way for businesses to gain tax breaks on innovation.
Wyn Davis Cerys, partner at Pinsent Masons LLP
The Patent Box (PB) regime, introduced at the start of this month, gives a lower tax rate for profits earned by UK companies from commercialising patented and certain other inventions. It applies to new and existing patents, with the benefits phased in over…
