11th May 2012
The UK Government’s new Patent Box regime will come into effect from 1 April 2013. It presents companies that are holding patents, and using them in their business, with the opportunity to significantly reduce their tax burden.
Although your company may not currently hold any patents, don’t assume that Patent Box won’t apply to you. You may have products or processes, for which a patent application could be made. The tax benefits of the new scheme are attractive and make consideration of such an application well worthwhile. The patent registration process can take at least 12 months so it is important for companies to act now.
To read more visit http://wwtaxclub.blogspot.co.uk/2012/05/patent-box-shining-opportunity.html