Patent Box

The measure

The Patent Box will allow companies to elect for an effective 10% rate of corporation tax for profits arising from the exploitation of patented technology. The Government published draft legislation on the Patent Box regime in December 2011 and has re-affirmed that the measure will be included in Finance Bill 2012, but did not give any additional technical detail.

The regime will apply to patents granted by the UK or European Patent Office and certain other European jurisdictions, the...