Thinking Outside The Patent Box

14th September 2012

Patents and the Patent Box tax relief initiative Why attend? The Patent Box tax relief initiative will come into effect in the UK from 1st April 2013, and is relevant to businesses of any size, which commercialise technical innovations in the form of products or processes.

Companies with qualifying profits from patents will be taxed on those profits at only 10% rather than 20% or higher. This event is aimed specifically at companies who would like to learn more about maximising the value of their patent-based intellectual property. Stéphane Ambrosini, European Attorney at Franks & Co European Patent & Trade Mark Attorneys, will explain the regime from a legal perspective. Qualifying criteria for patents and other forms of IP Qualifying criteria for product and processes Qualifying criteria for companies Differences between granted and pending patents under the regime Patent practice changes for maximising the relief International dimension for including export revenues Lessons learnt from the Irish patent royalty tax exemption scheme Steve Vickers, Tax Partner at Hart Shaw Chartered Accountants and Business Advisers will highlight the important issues that shareholders of SME companies need to know in order to take advantage of this new initiative. Planning opportunities in order to benefit from this relief Complexities of the Patent Box The major pitfalls to avoid Correct corporate structures to maximise benefits Calculating the tax saving Venue: AMRC, Advanced Manufacturing Park, Wallis Way, Catcliffe, Rotherham, S60 5TZ