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MIA  MOTORSPORT INDUSTRY ASSOCIATION

Patent Box - Reducing corporate taxation on profits from patented inventions

13 Mar 2012

In order to establish a more competitive tax system in and attract new business to the UK, the Government is proposing to implement the "Patent Box" regime in April 2013. This could mean significant savings in Corporation Tax (down to 10% from 26% currently) for innovators with eligible granted patents.

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