The main contribution from our chambers to World Intellectual Property Day 2013 will be Liverpool Inventors Club's workshop on The Patent Box at the offices of Jackson & Canter LLP at 88 Church Street, Liverpool, L1 3AY on Monday 29 April 2013 at 16:00.
I shall give a short overview of IP and patenting to lay the ground for the main speaker, Mr. Vince Walker, tax partner of BDO LLP. Vince is an expert on the patent box and R & D credits so it is quite a coup to book him.
The patent box is a valuable tax concession to encourage research and development in the UK. Companies that qualify for the concession pay corporation tax on revenue derived from their patents at a greatly reduced rate. Further information on the concession is available on the Intellectual Property Office and HMRC websites. Vince will take us through the conditions for the scheme including in particular what is meant by "qualifying patents" and "qualifying income."
The patent box does not cover every type of intellectual property and it is not available to every business. Even for companies that could qualify it may not be the best option. I shall close with a brief summary of other ways of protecting innovation such as design rights, copyright for software and services and trade secrecy and a few tips on IP strategy.
Admission is free but tickets are limited. If you want to come you need to register on-line. For further information on the event call Michael Sandys of Jackson & Canter on 0151 282 1700.
We have now had our workshop and it went very well. You can see my slides and those of Vince Walker here. We are planning similar workshops in Manchester and Lancaster for later in the month as well as others in Leeds and London.