Ireland

Details

  • Service: Tax, Tax & Legal Services, Corporate Tax, International Corporate Tax
  • Date: 28/01/2013

Patent Box 

The UK government’s new Patent Box regime is due to come into effect from 1 April 2013.
 
The scheme aims to encourage companies to locate high-value jobs and activity associated with the development, manufacture and exploitation of patents in the UK.  It also gives companies, already holding and using patents, the opportunity to significantly reduce their UK tax burden. With a tax rate of 10 percent, Patent Box has the potential to deliver ETR and cash tax savings.  The mechanics of the rules also allow companies to make more economic use of losses and other reliefs.
 
KPMG has produced an easily digestible guide to Patent Box, provides the answers to some questions you may have about the scheme, and gives guidance on how Patent Box profits will be calculated.
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Tax & Legal

KPMG’s Tax practice helps address the needs and objectives of our clients, enabling them to balance compliance and value creation.

Tax Contacts

Conor O'Brien, Managing Partner

Conor O'Brien

Head of Tax & Legal

conor.obrien@kpmg.ie

+353 1 410 2027

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