UK: The Budget & IP
Headlines: R&D tax relief increased for SMEs to 200% in 2011 and 225% in 2012 R&D tax credit repayment no longer restricted by PAYE/NICs R&D large company relief to include sub-contractor...
View ArticleOECD: Intangibles project
The OECD Working Party looking at the transfer pricing of intangibles, including intellectual property, met in late March in Paris. The OECD has now published details, including the supporting...
View ArticleUK: Patent box – latest consultation paper
The Treasury has published (a few days later than originally advertised) the next round of consultation on the patent box (pdf). In summary: extended to plant variety rights, data exclusivity and...
View ArticleUK: R&D consultation, next round
In addition to the patent box paper, the Treasury also published the next round of R&D consultation – this is rather more a summary of responses to the last consultation than new information. In...
View ArticleUK: CFC reform – new consultation
Controlled foreign companies (CFCs) in low tax jurisdictions are a headache for tax authorities, with the potential for profit to be earned at a low tax rate and not contribute to the coffers of the...
View ArticleUK: Draft guidance on R&D relief for production costs
Three months late (it was promised for mid-May), the draft of the revised HMRC guidance at CIRD81350 on “production” for the purposes of the R&D tax reliefs has finally been published (PDF)....
View ArticleUK: large companies looking for R&D credit changes
In a report (pdf, on the SMMT website) published this week (and you have to love a report that starts with a quote from Julius Caesar), the manufacturing & motor associations EEF and SMMT call for...
View ArticleUK: patent box – the least you need to know*
The proposals have been pretty much reworked in some detail into the draft legislation The reduction in the presumed routine profit from 15% of specific expenses to 10% of general overheads means this...
View ArticleUK: HMT Patent Box slides published
HM Treasury have published the slides from their latest presentation on the patent box – nothing particularly startling in them. I’m working on a podcast on the patent box at the moment, but it’s...
View ArticleUK: Consultation on ‘above the line’ R&D credit published
The consultation paper on the proposed ‘above the line’ R&D tax credit has been published (pdf). Key points from a speed-read are below (responses due by 29 June 2012 – we have some time!). for...
View ArticleUK: Another Budget, a bit more for IP businesses
Well, we have the shiny brand new patent box proposals coming in April anyway, so there were no big expectations of this Budget – just as well, really! There was one ‘direct’ IP announcement – the...
View ArticleCommission consultation on proposed UK video games relief
The EU has published a consultation document (external PDF) on the proposed UK video games relief, inviting comments – it’s all pretty much as expected, but interesting to note that at para 34, the...
View ArticleUK patent box proposals: summary
The UK announced on Thursday (22nd October) its (rather long awaited) proposals to update the patent box to make it compliant with the OECD BEPS proposals on amendments to patent/knowledge boxes. The...
View ArticleUK Autumn Budget 2017 – IP tax points
The Autumn Budget published on November 22, 2017 contains – unsurprisingly – a number of measures relevant to IP tax (unsurprising, because the UK government seems to think that tech will save the UK...
View ArticleIntangibles consultation now up
The consultation on the corporate intangibles regime promised at the Budget is now available at gov.uk. It’s not a massive root & branch overhaul – the accounts basis isn’t going anywhere, for...
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