The patent box regime allows qualifying companies and corporate partnerships to elect to apply a 10 per cent rate of corporation tax to all profits attributable to patents and certain other intellectual property rights1. An election for the patent box must be made in writing, specifying the first accounting period to which the rules apply and must be made within 12 months of the fixed filing date of the return for the first accounting period for which the company wishes to elect in to the regime; an election will apply equally to all trades of the company and for
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