The benefits of the Patent Box tax incentive, which aims to boost innovation in the UK, will be explained at a seminar hosted by accountancy and investment management group Smith & Williamson’s Bristol office.
Speakers from Her Majesty’s Revenue and Customs (HMRC) and the Intellectual Property Office (IPO) will join Smith & Williamson’s tax specialists at the event on Tuesday October 8.
Patent Box came into effect in April, and is designed to incentivise innovative businesses, including those investing in research and development and the creative industries. It has introduced an across-the-board corporation tax rate of 10% on profits derived from patents – down from an average of 23%.
Neil Watkins, Inspector of Taxes at HMRC, Gary Townley, Business Events Manager at IPO, and Dave Mouncey, Partner at Smith & Williamson’s Bristol office will speak at the seminar, which starts at 3.30pm.
Mr Mouncey said: “We are pleased to welcome a strong panel from HMRC and the IPO to present a unique insight into how businesses can benefit from both this new incentive and intellectual property protection more generally.”
To register, contact Rebecca Walford on 0117 376 2067 or firstname.lastname@example.org.