Patent Box: overview of the patent box regime: history of the patent box
Finance Act 2012 introduced a new part 8A to CTA10 (profits arising from the exploitation of patents etc) following three rounds of consultation:
- November 2010 - The Taxation of Innovation and Intellectual Property
- June 2011 - Consultation on the Patent Box
- December 2011 - Draft legislation and explanatory notes, Patent Box, response to consultation, and The Patent Box: Technical Note and Guide to the Draft Legislation
The Patent Box: Technical Note and Guide to the Finance Bill 2012 clauses was published on 29 March 2012 together with the associated Explanatory Notes and clauses in the Finance Bill 2012. Guidance contained in the Technical Note has been incorporated into this guidance in the CIRD manual.