Patent Box for Patent Attorneys - What you need to know

Audience

Fellows

Event information

Patent Box for Patent Attorneys: What you need to know
Start date Tuesday, March 30, 2021 12:30 PM
End date Tuesday, March 30, 2021 01:30 PM
Price Non Member £73.20 (Includes £12.20 VAT)
Member £0.00 (Includes £0.00 VAT)

Synopsis

The Patent Box is now a well-established part of the UK tax code, working together with other innovation incentives to encourage and reward the commercialisation of IP in the UK. It has changed the way many companies think about patents and the value they can bring, and according to HMRC official statistics over 1,300 UK companies took advantage of the regime in 2017-18 receiving annual tax benefits of £1.1 bn. The Patent Box legislation blends elements of tax, intellectual property and contract law, which means that decisions being made now around patent drafting, prosecution, validation, assignments and licence agreements can make a big difference – both positive and negative – to your clients’ financial position years into the future. Our discussion will focus on what patent attorneys should know about how the Patent Box works, talking through practical examples of where things can go wrong and key considerations for putting your clients in the best possible position to benefit from the regime.

L Toime Circle.png

Laurence Toime is a UK and European patent attorney leading the Patent Box services at Ernst & Young’s Innovation Incentives group, which helps companies take full advantage of the incentives on offer. He trained at Mewburn Ellis before moving to Deloitte in 2013 when the Patent Box was first introduced, and subsequently joined EY. His technical background is in biochemistry, but he works with clients across all sectors from SMEs through to some of the UK’s largest companies.