Regulatory Impact Analysis Knowledge Development Box 2016

The Minister for Finance announced in the context of Budget 2016 that a Knowledge Development Box (KDB) would be introduced in 2016. The aim of this Regulatory Impact Analysis (RIA) was to consider legislation for KDB access to be expanded to SMEs through a certificate scheme and to re-introduce substantive examination on Patents to ensure that they continue to qualify for the KDB.

The KDB is a policy tool to encourage innovation by providing a 6.25% rate of corporation tax on profits from intellectual property which is the result of qualifying R&D.

Published by Innovation and Investment

Topics: Intellectual Property

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