All posts with the topic: Intellectual Property

Previously announced measures in relation to the R&D tax credit and the proposed new Patent Box have been confirmed. The Government intends to introduce an ‘above the line’ R&D tax credit in Finance Bill 2013 to encourage R&D activity by larger companies.  There will be a consultation on the detail but the Government has stated that it … Continue reading Support for innovative industries

After weeks of speculation, the Government has broken its silence on the topical issue of video games and decided to axe the relief announced by their predecessors.   At a time when the UK needs to stimulate business in the UK this is very disappointing news.  We are surprised that a relief aimed at keeping this growing and innovative industry in the UK was described as “poorly … Continue reading Video Games Tax Relief gets axed

The Government has confirmed its plans, announced in the Pre-Budget Report (PBR) 2009, to introduce a reduced rate of corporation tax of 10% for income from patents from April 2013, in a bid to encourage more products being manufactured in the UK. The PBR 2009 stated that it would apply to patents granted after the Finance Bill … Continue reading Patent box confirmed

As has already been noted on this site, the condition that companies can claim research & development (R&D) tax relief on qualifying expenditure deriving only from intellectual property that they own has been removed for companies that are small and medium sized enterprises. This change is welcomed but it is disappointing that the Government has not taken the … Continue reading R&D tax relief relaxation

As mentioned already, Alistair Darling announced the 10% rate of corporation tax on income from the exploitation of patents.  What he did not say (but which is in the press releases) is that it is currently proposed that this reduced rate will not apply to income from patents until April 2013.   The Government have said they will … Continue reading More news on the “patent box”

In a bid to increase investment in biosciences in the UK, the Chancellor has announced a 10% corporation tax rate on income from the exploitation of patents in the UK.  This is good news for the UK, enabling it to compete with other jurisdictions that have similar regimes.  However, it appears from his budget speech that it … Continue reading “Patent box” corporation tax rate

Olswang’s tax group will highlight its initial thoughts on this year’s Pre-Budget Report (PBR). We would be very interested to know your views so please feel free to post your comments. We will also publish our analysis of the PBR  which you will be able to access by clicking on the link on the right-hand side.  We will publish this shortly after the … Continue reading Welcome to Olswang’s Budget Blog