THE PATENT BOX - TIPS & PREDICTIONS New Seminar

Organised by Management Forum UK –
experts in the field since 1983
New Seminar
THE PATENT BOX TIPS & PREDICTIONS
We have deferred this seminar from the original date in early September due
to the impending publication of a number of reports by the OECD on the BEPS
action plan which are due to be released in late September,including an update
on discussions around 'substance' requirements for IP regimes. This seminar
will provide you with the most recent information, which will be ‘hot off the press’.
Issues to be addressed during this meeting will include:
5.5 CPD
HOURS
n
n
n
n
Practical tips
Experiences so far
Accessing the Regime
Future prospects Chairman:
Gwilym Roberts - Partner, Kilburn & Strode
Speakers:
JOIN US ON
David Harris - Senior Policy Adviser Patent Box, HMRC
Philip Leyshon - Senior Associate, Taylor Wessing LLP
Laura Mair - Executive Director, International Tax Services, EY
Victoria Pickering - Senior Tax Manager, International Tax Services, EY
Chris Thornham - Partner, Taylor Wessing LLP
Tim Worden - Partner, Taylor Wessing LLP
Register online at www.management-forum.co.uk
or by phone on +44 (0)1483 730071, fax 730008
22 October 2014
The Rembrandt Hotel, London
WHY YOU SHOULD ATTEND
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The Patent Box regime has bedded in – is it
working?
Big companies are obtaining major savings on
tax through the regime – are you?
The EU has asked questions about the legal
validity of the regime – where might this end?
Ensure you’re adopting the best practice
Ensure you’re future proofing your IP tax measures
WHO SHOULD ATTEND
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•
•
•
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Chief Financial Officers
Finance Directors
Financial Controllers
Accountants
IP Solicitors
IP Managers
In house legal officers
Patent Attorneys
ATTENDANCE LIMITED - EARLY
REGISTRATION RECOMMENDED
This limitation, a unique feature of all
MANAGEMENT FORUM seminars, will give
participants the opportunity for a thorough
discussion of the complex issues to be covered
by the programme.
DOCUMENTATION
Delegates will receive a course material folder
containing comprehensive documentation
provided by the speakers, which will be a
valuable source of reference for the future.
ACCREDITATION
This course merits 5.5 hours under the UK
Solicitors Regulation Authority
self-accreditation scheme. Ref. CJA/MAFO
Reserve your place at the seminar by
registering online now at
www.management-forum.co.uk
or by fax +44 (0)1483 730008
Any questions? e-mail
amanda@management-forum.co.uk
A Certificate of Attendance for
Professional Development will be given to
each participant who completes the course
CHAIRMAN
Gwilym Roberts is a European patent attorney and a
partner at Kilburn & Strode in London. He is involved
in patent drafting, prosecution and contentious work
principally in the field of IT and communications technology
and has experience of working with a number of
multinational bulk filing companies. He is a member of the
CIPA Patents Committee and author of “A Practical Guide
to Drafting Patents” published by Sweet & Maxwell.
SPEAKERS
David Harris is a Senior Policy Adviser at HMRC with
responsibility for the patent box regime. David joined
HMRC (then IR) in 1994 after completing a PhD in physics,
and has held a number of posts, mainly in tax policy - most
recently, Departmental Growth Champion. Before that,
David had responsibility for film tax relief, R&D relief and
the venture capital schemes, including introducing film tax
relief in 2006 and large company R&D relief in 2002.
Philip Leyshon is an Associate in the Corporate
Technology group of Taylor Wessing LLP in the London
Office. He advises technology-rich companies on a
wide range of corporate issues, including mergers and
acquisitions, corporate finance and investment
transactions, corporate restructurings and advising on the
corporate aspects of the implementation of tax structuring
projects, inward investments and UK set-up.
Laura Mair is an Executive Director in the International
Tax Services group of EY in London, providing tax
consultancy services to a wide range of UK and
foreign-based multinational companies. She joined EY in
2000 and has been advising on international tax matters
for more than 12 years. Laura has built up a wide range of
experience advising UK listed companies and UK inbound
groups in many industries including consumer products,
pharmaceuticals and technology. Laura provides
advice to clients in relation to their IP strategies including
advice related to optimal holding locations, key people
functions and managing interaction with tax authorities.
Victoria Pickering is a Director in EY’s International
Tax Services team and is a member of the firm’s core
patent box team. Victoria joined EY in 2005 and has been
involved in advising organisations from a wide range of
sectors on how the Patent Box could apply to them and
fit in with their wider IP strategy, with a specialism in the
lifesciences and biotech industries. Victoria has experience
of agreeing the practical application of the patent box to
clients’ facts with HMRC.
Chris Thornham is a Partner at Taylor Wessing LLP and
is based in their London office. Chris acts for clients on
patent matters across the full range of technologies.
Chris has acted in over twenty English patent trials and
appeals. Chris also works with patent attorneys and
overseas lawyers on coordinated multi-jurisdictional
disputes in Europe, the US and elsewhere. Chris is a
regular invited speaker on patent issues at international
conferences and he writes regularly for intellectual property
publications.
Tim Worden is a Partner in Taylor Wessing LLP’s
intellectual property department, and is based in the
firm’s Cambridge office. He specialises in transactional,
non-contentious and regulatory intellectual property in
the life sciences and technology sectors. Tim was
previously Legal Counsel and Company Secretary at
Eli Lilly and Company Limited, the UK subsidiary of the
US pharmaceutical company.
09.30
u
Programme
INTRODUCTION
Since the inception of the Patent Box tax regime, major companies have been
using it to obtain significant tax savings in relation to innovation-related profits.
We’ve now had some time to see how the system has settled in and can
assess its effectiveness. Is the system just for the big players or are SME’s
missing a trick? And what does the future hold in light of the review of IP
regimes undertaken by the EU code of conduct group and the wider
BEPS project.
Gwilym Roberts - Kilburn & Strode
09.45 u
ACCESSING THE REGIME AND UNDERSTANDING THE
TAX EFFECTS
We provide a review of the current regime, qualifying criteria and potential
impact on the tax payable by qualifying companies, plus a comparison with
systems in other countries.
• Overview of the qualifying criteria for the UK regime
• Worked examples of tax benefits
• Compare and contrast with other regimes
Laura Mair and Victoria Pickering – EY
11.15
u
Coffee
11.30
u
USING THE REGIME – LEGAL ISSUES AND EXAMPLES
13.00
u
Lunch
We discuss, with examples, Patent Box legal issues that can arise:
• Transfers & Licences: terms/requirements to comply with Patent Box
• What is meant by an “exclusive licence” for Patent Box purposes?
• Regularising corporate IP arrangements to benefit from Patent Box
• Corporate restructuring
• Resolution of disputes: possible “win-win” outcomes for licensors and
licensees
Tim Worden, Philip Leyshon & Chris Thornham – Taylor Wessing LLP
14.00 u
THE UK PATENT BOX AS PART OF THE IP STRATEGY OF
MULTINATIONALS
• Trends in global IP strategy and migration opportunities
• Interaction of the UK Patent Box with other UK IP legislation and incentives
Laura Mair and Victoria Pickering – EY
15.00
Tea
u
15.15 u
INTERNATIONAL DEVELOPMENTS RELATING TO BEPS
AND FUTURE PROSPECTS OF THE UK PATENT BOX REGIME
The team are joined by David Harris from HMRC who will provide the
government perspective on recent developments, followed by a Q&A session.
• HMRC view on the Patent Box and sustainability
• Overview of BEPS project and interaction with EU code of conduct review
• Government/HMRC perspectives on BEPS and Harmful Tax Practices
• Future prospects of the Patent Box regime
Panel Discussion
17.00
End of Meeting
u
THE PATENT BOX - TIPS & PREDICTIONS
W
22 October 2014, Conf. No H10-7014
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22 October 2014 09.00
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