Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury
The below Parliamentary question was asked by Kelvin Hopkins on 2016-03-16.
To ask Mr Chancellor of the Exchequer, how many companies have applied for the lower rate of corporation tax under Patent Box.
Mr David Gauke
Due to companies being able to make a Patent Box election up to two years after the relevant accounting period, we will not be able to get full figures for the first year of the Patent Box until April 2016. The following figures are therefore projections.
The estimated amounts of Patent Box relief can be found at the link below;
About 480 companies made Patent Box relief elections for the first year 2013-14 alone.
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