The Corporation Tax Act 2010 (Profits Arising from the Exploitation of Patents) Foreign Taxes Designation Regulations, SI 2016/1181, designate those foreign taxes in respect of which there is an intellectual property regime corresponding to the UK patent box.
The Corporation Tax Act 2010 (Profits Arising from the Exploitation of Patents) Foreign Taxes Designation Regulations, SI 2016/1181, designate those foreign taxes in respect of which there is an intellectual property regime corresponding to the UK patent box. Patents and similar intellectual property transferred from these countries may apply the patent box rules as they stood before the changes introduced by Finance Act 2016. These old rules are grandfathered until 2021 for intellectual property already within the old UK patent box rules, or liable to a foreign tax in respect of which there is a corresponding intellectual property regime. The regulations come into force on 31 December 2016.
The Corporation Tax Act 2010 (Profits Arising from the Exploitation of Patents) Foreign Taxes Designation Regulations, SI 2016/1181, designate those foreign taxes in respect of which there is an intellectual property regime corresponding to the UK patent box.
The Corporation Tax Act 2010 (Profits Arising from the Exploitation of Patents) Foreign Taxes Designation Regulations, SI 2016/1181, designate those foreign taxes in respect of which there is an intellectual property regime corresponding to the UK patent box. Patents and similar intellectual property transferred from these countries may apply the patent box rules as they stood before the changes introduced by Finance Act 2016. These old rules are grandfathered until 2021 for intellectual property already within the old UK patent box rules, or liable to a foreign tax in respect of which there is a corresponding intellectual property regime. The regulations come into force on 31 December 2016.
