New Patent Box Regime Effective from 1 April 2013

The new Patent Box rules come into force on 1 April 2013. Company profits derived from patents will be subject to a reduced rate of corporation tax of 10%. The profits attributable to patents can be paid separately as royalties or embedded in the sales price of products. Companies will need to make an election within a period of 2 years in order to qualify for the reduced rate of corporation tax.

For more information, feel free to contact Belsize Accountancy on 0207 043 0052.