Patent box tax relief became available to companies in the UK from 1 April 2013. This generous new scheme has the potential to save thousands of pounds for innovative companies.
The UK Government (HM Treasury and HMRC) are now seeking feedback to judge the impact of the scheme. They also hope to increase stakeholder engagement.
Accordingly, they have written a questionnaire to be filled in. It is relevant to companies who do not use the patent box as well as those who do.
If you are interested in providing your feedback on the Patent Box, or indeed in getting involved with the Treasury’s Patent Box Working Group, we will be happy to assist. We can provide you with a copy of the questionnaire and the details of who to contact with it. Please note that the government hope to receive replies by 15 August 2014.