Corporation Tax Act 2009 section 22 (Schedule 2)

Expenses connected with patents, designs and trade marks

Section 22 of Schedule 2 provides a transitional rule allowing a deduction for certain unpaid fees connected with patents, designs or trade marks that were incurred before 1 April 2009.

• Applies to fees incurred for trade purposes in connection with patents, designs or trade marks that had not yet been paid at the time they were incurred
• The fees must have been incurred in a period of account that ended entirely before 1 April 2009
• The fees must not have already been included in the profit calculation for any accounting period
• Where these conditions are met, the fees are deductible in the period of account in which they are actually paid