Patent Box Update
One of Bang Creations commercial business partners issues useful Patent Box clarification
The eagerly awaited Patent Box regime is due to take effect from 01st April 2013.
Something that all innovators and inventors alike should be familiar with, Patent Box is intended to provide additional incentives for companies in the UK to retain and commercialise existing patents and to develop new innovative patented products.
There are various pros and cons but the key point is perhaps reduced corporation tax.
Laytons Solicitors, one of Bang Creations' preferred commercial partners, has issued a very useful and balanced summary of Patent Box and we think it is worth a read so please see Laytons.