The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
A patent box election must be made by giving notice to HMRC, which must be in writing. The election must state the first accounting period to which it applies. It has effect for all trades carried on by the company making the election, and applies to all subsequent accounting periods unless revoked.
There is no prescribed format for providing the relevant written notice to HMRC. HMRC confirms in CIRD260100 that a corporation tax compu
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login