UK patent box consultation closes
10 February 2012
Sophie Ashley, managing editor, TP Week
The UK government has concluded its consultation on a proposed patent box, which it hopes will encourage investment and economic growth and prevent innovative businesses moving intellectual property offshore
It is envisaged that the patent box will enable companies to pay a discounted 10% rate of tax on income relating to patents and related rights.
But the consultation does not extend to other IP rights, such as copyright, designs and trade marks.
“We welcome some of the changes that have been incorporated following liaison with a broad group of businesses in various sectors, such as a streaming approach to enable companies to divide income between relevant IP and other profits, and the option to apply the...
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