Banbury chartered accountants, Whitley Stimpson LLP, is joining forces with Banbury Chamber of Commerce, Brethertons Solicitors LLP and patent attorneys Withers & Rogers to offer businesses free advice on the ‘Patent Box’ which is designed to promote innovation in the UK through protecting intellectual property, in a free seminar taking place at 12:30 Thursday 28 November at Whitley Stimpson’s Banbury offices.
Attendees will be guided through a combination of tax breaks for research and development (R&D) in relation to the Patent Box by Owen Kyffin, Tax Partner, Whitley Stimpson, in addition to receiving advice on intellectual property as an asset to your business from Brian Auld, Partner, Brethertons Solicitors.
The final piece of the Patent Box jigsaw will be summmarised by Adrian Chettle, Partner, Withers & Rogers who will guide you through the practicalities of applying for and obtaining Patent protection, which is a prerequisite of coming within the Patent Box regime.
“The Patent Box enables companies to apply for a lower level of Corporation Tax on profits earned after 1 April 2013,” comments Owen Kyffin, Tax Partner, Whitley Stimpson. “The combination of tax allowance for R&D and the Patent Box, means that companies need to ensure they are benefitting from HMRC’s tax breaks in addition to safe guarding their Intellectual Property through a successful patent registration strategy.”
This seminar is essential if your company is liable to Corporation Tax and makes a profit from exploiting patented inventions. Equally, if your company is a member of a group, it may qualify if another company within the group has undertaken the ‘qualifying development’.
To fully understand the implications of the Patent Box and how it relates to your business, sign-up for the free seminar by emailing Michelle Lewis at firstname.lastname@example.org”.
Patent Box Seminar: Intellectual Property, Your Asset & Tax Break
12:30. Thursday 28 November 2013
Whitley Stimpson LLP
Penrose House, 67 Hightown Road, Banbury, OX26 9BE