Paula Flutter and Eric Williams hosted a roundtable discussion on IP strategy at the 5th annual Fullstack GC conference in San Francisco.
Topics explored included how companies can benchmark their IP strategy and costs against their stage of development. The event on 10 May was organised by TechGC, a community of GCs of venture capital funds and high growth technology companies.
EIP has been ranked amongst the world’s leading international Intellectual Property firms by the IAM Patent 1000 – with nine partners singled out as outstanding practitioners.
Jerome Spaargaren, Heather McCann, Matt Lawman and Darren Smyth were named among the top professionals in the UK for patent prosecution. Gary Moss, Robert Lundie Smith and Matthew Jones were ranked among the leading IP litigators in the UK. Co-managing partners of EIP’s San Diego office, Nick Transier and Mallary de Merlier, were ranked among the leading lawyers in California.
The rankings are based upon interviews with private practice lawyers and attorneys and in-house counsel to gather feedback on the leading firms and individuals in the profession globally.
The UK has today voted to leave the European Union. The process by which this happens will be lengthy, and there are no imminent changes affecting intellectual property rights.
Clearly as negotiations progress some changes will occur; we at EIP will be monitoring these and will advise you accordingly. At this time we wish to emphasize the following:
EIP’s trademark and design attorneys remain able to file and prosecute European trademark and design applications for our clients, and this will still be the case Post-Brexit as EIP will continue to have a presence in the European Union through our German office. We will therefore continue to be able to advise and act on your European trademark and design strategies as we do today.
EIP has teamed up with Jumpstart for an evening seminar on how innovative companies can get maximum benefit from the Patent Box and R&D tax credit schemes.
This seminar will explain why companies should be looking at HMRC’s R&D tax relief programme using real life examples of what other companies have achieved. Coupled with imminent changes to the Patent Box scheme, this seminar will explain the potential both schemes have in helping businesses fund innovation.
The event takes place at EIP’s London office on Wednesday 11 May from 5.30pm – 9pm.
5.30pm – Registration
6.00pm – Patent Box: how businesses can benefit – James Seymour, EIP
6.30pm – Get a scientist to uncover your IP and recover your cash – Dr Karen Baker and Brian Williamson, Jumpstart
7.00pm – Q&A
7.30pm – Networking and drinks
A consultation has been announced by HM Revenue and Customs (HMRC) seeking the views of patent holders and interested parties on proposed changes to the UK Patent Box scheme.
The Patent Box is an initiative designed to make the UK tax regime competitive for innovative high-tech companies by offering a reduced rate of corporation tax on profits attributed to patented innovations. Since the Patent Box began in April 2013, 639 companies have benefited from these reduced tax rates.
The changes have been proposed in order to comply with a new international framework for preferential tax regimes for IP, developed by the Organisation for Economic Co-operation and Development (OECD), which is intended to harmonise the various preferential tax regimes that operate within the G20 member countries.
As the HMRC consultation document explains "The central point is that for a business to gain the benefit of a preferential regime, it should have conducted the substantial activities which generated the income benefiting from that regime." The proposed changes therefore include a requirement that links the benefits under the Patent Box to R&D expenditure incurred in the development of the IP. This is known as the nexus approach.
The joint HM Treasury and HMRC consultation will affect UK businesses which hold and exploit patents, as well as those business looking to invest in IP for the first time. The consultation sets out the government’s preferred approach, within the new international framework and seeks views on how the UK can form a set of rules for the Patent Box.
The consultation document can be viewed here. Responses to the consultation should be submitted to the HMRC by 4 December 2015.