Commentary

D1.1203C Calculation—existing claimants with new IP rights on or after 1 July 2016

Corporate tax
Corporate tax | Commentary

D1.1203C Calculation—existing claimants with new IP rights on or after 1 July 2016

Corporate tax | Commentary

D1.1203C Calculation—existing claimants with new IP rights on or after 1 July 2016

The provisions in this article apply to companies that made a patent box election prior to 1 July 2016 but then acquire new qualifying IP rights before 1 July 2021. For the rules that apply to such companies in relation to IP rights acquired before 1 July 2016 (see D1.1203B).

The rules in D1.1203A are applied, but with modifications (see below), for accounting periods beginning before 1 July 2021 where:

  1.  

    •     the company is not a new entrant to the patent box regime (ie it was within the

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