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PRESS RELEASES Date: 12th December 2009 Company Tax Reduction for Patent Licence income In the pre-budget announcement last week the UK Government introduced Corporate tax reduction to 10% on all company profits from Patent licensing. All companies will now pay only 10% on profits from Patent licence income, instead of the normal Corporate Tax (Currently 20%). If you are a company with one or more subsidiary companies using patented technology, you should consider seeking advice from your accountant about the possibility of putting your patent(s) in the name of a holding company, and licensing your subsidiary company or companies under the patents. In this way the holding company pays 10% tax on the profits from licensing and the subsidiaries may be able to set their patent licence costs against corporate Tax. We are not competent to advise on financial matters - You must seek advice from a qualified Accountant.
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FREE NOVELTY SEARCH - find out if your invention is novel. Click on link below and use "advanced search". Enter keywords in second box to search the title and abstract
__________________ _________________ __________________ For your amusement- Crazy Inventions 2) Irrigating Deserts by rolling snow ball down tubes passing through the earth 3) Clever talking Ginger Cat (see page 3 line 74 to Page 4 line 76)
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