UK: The Budget & IP
Headlines: R&D tax relief increased for SMEs to 200% in 2011 and 225% in 2012 R&D tax credit repayment no longer restricted by PAYE/NICs R&D large company relief to include sub-contractor...
View ArticleUS: LA tax credits for games industry
The state of Louisiana gives a 35% state payroll tax credit on all Louisiana labor directly involved in the development of video games (and so doesn’t include administration or executive work) and a...
View ArticleUK: R&D consultation, next round
In addition to the patent box paper, the Treasury also published the next round of R&D consultation – this is rather more a summary of responses to the last consultation than new information. In...
View ArticleUK: Draft guidance on R&D relief for production costs
Three months late (it was promised for mid-May), the draft of the revised HMRC guidance at CIRD81350 on “production” for the purposes of the R&D tax reliefs has finally been published (PDF)....
View ArticleAustralia: new R&D tax credit
A new Australian R&D tax credit has replaced the old R&D concession for tax years on 1 July 2011 (although the relevant bills were not passed until late August). The new regime provides a 45%...
View ArticleUK: HMRC R&D pilot open for business
HMRC have kicked off their R&D voluntary advance assurance pilot, previously trailed in the summer consultation. The pilot is available to small companies only (those with fewer than 50 employees)...
View ArticleUK: large companies looking for R&D credit changes
In a report (pdf, on the SMMT website) published this week (and you have to love a report that starts with a quote from Julius Caesar), the manufacturing & motor associations EEF and SMMT call for...
View ArticleUK: R&D qualifying bodies list update
The Research and Development (Qualifying Bodies) (Tax) Order 2012 has been approved by the House of Commons, to come into effect on February 28th, 2012. The Order updates the list of qualifying bodies...
View ArticleUK: Consultation on ‘above the line’ R&D credit published
The consultation paper on the proposed ‘above the line’ R&D tax credit has been published (pdf). Key points from a speed-read are below (responses due by 29 June 2012 – we have some time!). for...
View ArticleUK: 2010-11 stats on R&D published
HMRC have published the latest set of annual statistics on R&D tax relief claims (external PDF), indicating a rise of almost 9% overall in the number of claims (9.6% rise for SME claims, 5.5% for...
View ArticleUK: Another Budget, a bit more for IP businesses
Well, we have the shiny brand new patent box proposals coming in April anyway, so there were no big expectations of this Budget – just as well, really! There was one ‘direct’ IP announcement – the...
View ArticleR&D: HMRC publishes draft guidance, notes and examples on the ‘ATL’ R&D...
HMRC has published draft guidance on the new R&D expenditure credit for large companies (and small companies in some circumstances) for inclusion in the CIRD manual, together with draft notes and...
View ArticleUK patent box proposals: summary
The UK announced on Thursday (22nd October) its (rather long awaited) proposals to update the patent box to make it compliant with the OECD BEPS proposals on amendments to patent/knowledge boxes. The...
View ArticlePatent box and R&D: UK statistics
HMRC have recently released statistics for take up of the patent box in 2013-14 (the first year of the relief); on the same day, they released the latest statistics on use of the UK’s R&D tax...
View ArticleUK autumn statement 2016
The devil will no doubt follow in the Finance Bill detail, but the heads up on IP tax points from the Chancellor’s statement today (23 November, 2016) is: IP fiscal stuff: the new (post-1 July 2016)...
View ArticleUK Autumn Budget 2017 – IP tax points
The Autumn Budget published on November 22, 2017 contains – unsurprisingly – a number of measures relevant to IP tax (unsurprising, because the UK government seems to think that tech will save the UK...
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