Patent Box Means Lower Taxes for Innovative Manufacturers
News release 27th September 2012From April next year innovative manufacturing firms can get a tax break on profits which come from patented products and processes. To help businesses understand how they can benefit from the new rules chartered accountants Duncan & Toplis have teamed up with Lincoln-based LOVEN Patents and Trademarks to stage a free seminar on Thursday 18th October at Lincoln College. From 1st April 2013 the Government will introduce a preferential regime for profits arising from patents, known as a Patent Box. This will allow companies to apply a 10% corporation