A leading intellectual-property lawyer has urged companies and entrepreneurs to take advantage of tax relief on patents.
The relief is available from 2013/14 and Adrian Chettle, of Withers and Rogers, says it is too good to miss, rather than being too good to be true.
He said: “This scheme will commence next year and rumour is that £1 billion has been set aside to cover the reduced tax take. It is too good an opportunity to miss.”
David Grindrod, of the University of Warwick Science Park, said: “Many of the companies based here at the Science Park will be extremely interested in this development as they are exactly the type of company this is aimed at.”
Patent Box tax relief quick guide, by Withers and Rogers partner Adrian Chettle C.Eng. F.I.Mech. E. (Chartered and European Patent Attorney) (Read more)
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