Alacrita

The UK Government is consulting on a preferential corporate taxation regime for profits arising from patents, known as a Patent Box. The intention is to introduce new rules in the Finance Bill 2012 and to apply them to relevant profits arising from 1 April 2013.

HM Treasury has set out five key questions on pages 51-54 of its consultation document “Corporation Tax Reform: delivering a more competitive system”. Comments are invited on:

• the conditions for patents to qualify for the regime
• the determination of income and implementation
• alignment with commercial incentives
• tax avoidance issues

Roger Jones, an Alacrita associate, will be submitting a response to HM Treasury by the close of Consultation on 22 February 2011. He has established a LinkedIn Discussion Group for all interested parties to provide their comments on this important subject.

To join the discussion group (which has a link to the Treasury consultation document) and submit your comments, please follow the link below.

Source:  http://www.linkedin.com/groups?gid=3730245