The UK patent box takes effect from next April. David O'Keeffe outlines the issues that tax directors should consider in advance of its introduction
The new patent box regime will come into force next April but companies should not wait until then before starting to prepare; planning really needs to start now. At the very least I would recommend that tax directors begin thinking about where they are going to get all of the necessary information.
A lot of the focus to date has been on the technical design of the regime (see for example the article ‘Finance Bill 2012: the UK patent box regime’ (Jonathan Bridges Rhiannon Jones & Kullervo Maukonen Tax Journal dated 17 February 2012)). This is...
