tag:blogger.com,1999:blog-7923005810906159036.post1897124615586250392..comments2024-03-27T12:49:05.975+00:00Comments on IP finance: CIPA defends UK patent boxAnne Fairpohttp://www.blogger.com/profile/02579190868405783459noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7923005810906159036.post-88472026503750224792013-05-06T08:13:34.212+01:002013-05-06T08:13:34.212+01:00Patent Box is excellent news for the UK. Perhaps t...Patent Box is excellent news for the UK. Perhaps this new tax will encourage execs to look harder at patenting, after all if they license a third party at 10% it looks like the third party will only pay 10% on any profits relating to the patented product, so in essence the licence will cost the licensee nothing.This tax will also apply to foreign patents where the capital flows to the UK. Patenting is international and today both the searching and filing can all be done online.The high fees attorneys charge may be worth paying if you are a corporate and have to employ somebody to do the patenting anyway, but if you are an individual, substantial attorney fees running into thousands, create a very significant barrier. A complete UK patent actually only costs £230 in total, the UK IPO is amazing and fantastically helpful and it is now entirely possible to patent internationally yourself from your laptop, if you know how to go about it. The difficult bit is having something to patent and understanding what is and isn’t patentable. A great cheap Amazon ebook, which tells you how to go about patenting internationally, step-by-step, is DIY Patent Online. It lists all the fees and has links to all the sites you need plus you can read some of it free on Amazon. They also have a web site and unlike most patent site, which are a cure for insomnia, they aren’t trying to sell you any services. Many spout off about patents knowing little about the subject in reality. The only patent that is really worth it’s salt is a Utility Patent – they even call them utility patents in the States but in the UK they are just called Patents. These must have an 'Inventive Step' and must not be ‘obvious to somebody skilled in the art'. These are not to be confused with US Design Patents (UK Design Registration) or Australian Innovation Patents. which are easy to get and get around. Patenting is challenging when you don't know how but like everything else, once you have the hang of it, it's quite straightforward. Most businessmen are busy building empires with all the costs involved, these are tangible, you can see them. However my moniker is ‘If you can touch it, don’t touch it’. Intellectual Property is the only thing worth having, owning the IP makes you the master, the rest is just overhead, which is an idea well worth disseminating to your clients.Ken Jonesnoreply@blogger.comtag:blogger.com,1999:blog-7923005810906159036.post-75798526020367408382013-05-03T12:01:13.667+01:002013-05-03T12:01:13.667+01:00Someone I know who is familiar with the way the le...Someone I know who is familiar with the way the legislation was drafted told me patent box is too complex for many companies to take proper advantage of, and no real effort was made to reduce that complexity.<br /><br />My own view is that its real purpose is to encourage GSK to stay in this country rather than focussing more towards the US and China.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7923005810906159036.post-65854592783584281232013-04-29T07:01:37.295+01:002013-04-29T07:01:37.295+01:00Maybe I am missing something but isn't the pat...Maybe I am missing something but isn't the patent box a way of incentivising innovation <b>and</b> avoiding tax. <br /><br />By definition it is a way of avoiding tax. It remains to be seen if it incentivises innovation.Fred Loguehttp://www.newmorningip.comnoreply@blogger.comtag:blogger.com,1999:blog-7923005810906159036.post-38705644036279359342013-04-28T14:25:21.139+01:002013-04-28T14:25:21.139+01:00Wishful thinking I feel.
There are plenty of &qu...Wishful thinking I feel. <br /><br />There are plenty of "organisations" looking to secure very cheap and cheerful patents asap at the lowest possible costs on minor improvements. The narrower the better. The UKIPO is not the only source of qualifying patents.<br /><br />Truth is we will have both. Those who seek to game the system purely for tax benefits, where patent costs are negligible compared to the gains and those who seek to leverage the possibility of tax benefits to justify investment in real R&D and innovation.<br /><br />To deny the former is naïve.<br /><br />In three to four years time we will see when HMRC has an impact review.Anonymousnoreply@blogger.com