Consultation on the UK Patent Box proposal: a response

<p><p>This is a response to the UK Government's consultation on the introduction and implementation of a Patent Box - HMT and HMRC, <a href="http://www.hm-treasury.gov.uk/d/consult_patent_box.pdf">Consultation on the Patent Box</a>, June 2011.</p><p>We discuss some of the design principles for a UK Patent Box as set out in the consultation document with reference to the stated aims of the policy and the principles that a good tax system should not be unduly complex or unnecessarily distort decisions.</p></p>