Patent price

A new “Patent Box” tax regime was introduced which will come into effect on 1st April 2013. The Chancellor’s 2012 Autumn Statement included a measure to abolish income tax for patent royalties. Income tax relief was abolished for payments of patent royalties that were not deductible in computing income from any source. The measure is designed to counter known avoidance arrangements exploiting this relief and to simplify the tax code.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s