Comment: Patent Box consultation will provide greater certainty to UK businesses, says Withers & Rogers

Reassurance on the future of the UK’s Patent Box Scheme is positive news for UK companies, according to leading intellectual property firm, Withers & Rogers.

A government consultation on the Patent Box Scheme which opened on October 22, will run until December 4, 2015. The government will essentially ensure the UK’s tax regimes comply with the Organization for Economic Cooperation and Development’s (OECD) recommendations.

Michael Jaeger, patent attorney at Withers & Rogers, said, “The launch of the consultation is welcome news and it will allow innovative UK companies to plan for their future with more certainty. The government has now made its position on the Patent Box Scheme clear, which is very important for UK businesses and innovation. This should remove any doubt for companies who undertake their R&D activity in the UK, allowing them to receive the same level of tax relief on patented technologies.”