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The new patent box rules will affect small and medium-sized enterprises
KEY POINTS
- New patent box rules apply from July 2016
- The new patent box rules will no longer allow the ‘standard method’ of calculation.
- The three-stage method of calculating IP profits remains in the new regime.
- It will be necessary to stream for every individual IP right patented product or product family.
- If the patent box benefit has been unfairly restricted an alternative calculation may be possible.
- Grandfathering provisions will apply until 30 June 2021.
New patent box rules (in Finance (No 2) Bill 2016 cl 60) come into effect from July 2016 and will affect small and medium-sized enterprises (SMEs) although there are some peculiarities within the draft legislation. In this article we have included some practical advice to enable...
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