The Tally Hotel, 45 Ploughley Road, Lower Arncott, Bicester OX25 1NY
If you are prepared to make a significant investment into an idea , it is of paramount importance that you protect it. Not only will that enhance the value of your Intellectual Property (IP) and your business but it will also allow you to enjoy the substantial tax breaks associated with the creation and registration of one form of IP, patents.
The combination of tax allowances for research & development (R&D) and “patent box” means that most innovation companies should be adopting a patent registration strategy to ensure that their tax allowances and appropriate rates are fully used.
As explained on the HMRC website: The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions and certain other innovations. The relief will be phased in from 1 April 2013 and the lower rate of Corporation Tax to be applied will be 10 per cent.
In theory, therefore, if a UK patent is associated to any part of an aircraft, the corporation tax to be applied to the sale value of the aircraft could be 10%.
Clark Howes Group, Bicester Vision & Bicester Chamber of Commerce, in conjunction with Brethertons LLP and Dehns, are holding a seminar which will look at the issues surrounding IPP and how you can protect your business.
09:00am Registration and breakfast
Tim Shaw, Managing Director, Clark Howes
Tim’s varied career started over 30 years’ ago when he qualified as an accountant with BDO Stoy Hayward. He left there to specialise in Corporate Tax with Chantrey Vellacott where he qualified as a Chartered Tax adviser before starting his own accountancy practice based in London. He became CEO of Watford Football Club in 2000, where he stayed for 3 ½ years before becoming CEO of Sports and Entertainment Media Group. He subsequently ran Rays of Sunshine Children’s charity of which he remains a Trustee and has also invested in a variety of small and medium sized companies, using his experience to help them grow. Having worked in both private practice and the commercial world, Tim is well placed to advise growing businesses on the variety of issues that they face. He is also a qualified commercial mediator.
Brian Auld, Partner, Brethertons LLP
Brian Auld was admitted as a solicitor in 1983 and is the partner in charge of Brethertons’ Commercial Department. Brian has previously worked for the European Commission and as an in house Lawyer for Toshiba, Racal and Nortel. His experience covers sale/purchase of businesses and commercial contracts (including IT, IP and other licences).
Louise Golding, Partner, Dehns
Louise handles patent work in all areas of chemistry including pharmaceuticals, medical methods and devices, petrochemicals, polymers and beverages. Louise has considerable experience in patent drafting for a number of direct clients and routinely provides advice on IP strategy. She also has many years of experience in handling prosecution of patents in a diverse range of chemical fields, but especially in the area of pharmaceuticals.
Brian Auld will provide an overview of the various forms of IP (ie ranging from confidential information to data base protection rights), Louise Golding will focus on patents and their registration and Tim Shaw will describe the R&D reliefs and Patent Box.