Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Austin Mitchell on 2015-02-12.

To ask Mr Chancellor of the Exchequer, what the value of tax reductions for companies under the patent box legislation has been since April 2013.

Mr David Gauke

The patent box was introduced in April 2013 and companies have up to two years from the end of their accounting period to elect into the regime. The first complete set of data will therefore not be available before end April 2016.