Part IIB of the consultation document on corporate tax reform outlines the government’s aims to support intellectual property through each of its lifecycle phases: creation development and commercialisation via the R&D tax credits regime and the introduction of the Patent Box. Comments can be made until 22 February 2011 and thereafter the government intends to publish further details on the new Patent Box regime in spring 2011.
Patent Box
The government has reaffirmed its intention to introduce the Patent Box regime which is currently intended to apply to relevant profits arising from 1 April 2013. The key proposals are as follows:
The regime is intended to focus on patents. Many will be disappointed that the regime will not extend to other forms of IP such as design rights or trademarks. A patent will also typically not disclose all of...
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Home >Articles > Corporate tax reform: innovation and intellectual property
Corporate tax reform: innovation and intellectual property
Ed Denny on innovation and intellectual property
Part IIB of the consultation document on corporate tax reform outlines the government’s aims to support intellectual property through each of its lifecycle phases: creation development and commercialisation via the R&D tax credits regime and the introduction of the Patent Box. Comments can be made until 22 February 2011 and thereafter the government intends to publish further details on the new Patent Box regime in spring 2011.
Patent Box
The government has reaffirmed its intention to introduce the Patent Box regime which is currently intended to apply to relevant profits arising from 1 April 2013. The key proposals are as follows:
The regime is intended to focus on patents. Many will be disappointed that the regime will not extend to other forms of IP such as design rights or trademarks. A patent will also typically not disclose all of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
