December 2015

The latest statistics on the uptake of the government’s flagship Help to Buy schemes were published on 9 December 2015. The figures show that over 130,000 homes have been bought since the schemes were first launched in October 2013. This is an increase of over 10,000 homes over the previous quarter. Some of the headline figures include: 80% of scheme…

The Patent Box allows companies to apply a lower 10% Corporation Tax rate on profits arising from patent exploitation. Since April 2013, companies can apply the lower Corporation Tax rate (on a phased basis) to profits attributable to patents and other qualifying intellectual property such as medicinal or botanic innovation rights. Companies can use the Patent Box if they own…

There are special rules for businesses established outside the EU submitting a claim for VAT incurred in the UK. The deadline for the submission of a refund request for expenses incurred in the UK by non-EU businesses during the period 1 July 2014 – 30 June 2015 is 31 December 2015. There are a number of conditions which must be…