Budget 2011 – Update on the Uk Patent Box Proposal
24 March 2011
Mayer Brown Legal Update
The UK Government has provided an update on the Patent Box proposal in the Budget, including announcing that draft legislation will be published in autumn 2011. The Patent Box proposal is aimed at companies that obtain profits from patents and the current proposal is to introduce, from 1 April 2013, a preferential regime of a 10 per cent rate for profits arising from patents.