“HMRC offers financial reward to UK inventors and innovators”.
From 1st April 2013, UK companies are able to elect to enter the UK Patent Box and effectively reduce the rate of Corporation Tax paid on their qualifying profits to just 10%.

The Government aims to make the UK the most competitive tax regime in the G20 from 2013 and the Patent Box is a key piece of legislation designed to reward innovative UK companies through substantial tax relief on profits derived from the worldwide sales of their eligible products and services.

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“If we are obliged to buy something, we have to buy something intelligent, which has longevity, so that you don’t put it in the trash five years later because it is no longer a good look,”

Philippe Starck

November 25, 2014 Design