The Patent Box is here!

The Patent Box is the most exciting new relief for innovation since the introduction of the Research & Development tax regime in 2000.  It is an elective regime that will reduce the corporation tax rate to 10% on a company’s profits relating to patents. It started on 1 April 2013 but will be phased in over 5 years, so that the relief is 60% of the maximum in FY 2013, 70% in FY 2014 and reaches 100% in FY 2017.

Find out more here.