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Thinking inside the patent box

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Published on: 05 November 2015

Published by a LexisNexis Tax expert

Table of contents

Original News
What is the background to the consultation?
What changes does the consultation document suggest?
How will companies apply the nexus principle?
What impact will the modified patent box have?
When are changes expected to be implemented?

Article summary

Tax analysis: What changes to the UK’s patent box rules are likely to follow the government’s recent consultation on a substantial activities test? Anne Fairpo, barrister at Temple Tax Chambers, explains that while the current patent box system is largely compliant with the framework outlined by the OECD’s Base Erosion and Profit Shifting (BEPS) project, there are still further changes that must be implemented.

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