Intellectual Property Tax | Intellectual property tax news

The consultation on the corporate intangibles regime promised at the Budget is now available at gov.uk.
It’s not a massive root & branch overhaul – the accounts basis isn’t going anywhere, for example. The focus is on the following:
exclusion of pre-2002 assets, whether that’s still appropriate and how to value them if they were to enter the regime...

The Autumn Budget published on November 22, 2017 contains – unsurprisingly – a number of measures relevant to IP tax (unsurprising, because the UK government seems to think that tech will save the UK from the perils of the Brexit decision).
RDEC
The main headline tax change is the increase in the rate of the R&D Expenditure Credit (RDEC) from 11% to 12% for expenditure incurred on/after 1 January 2018. The mechanics of RDEC mean that the RDEC value to claimant companies will increase from...

Belgium has updated it’s innovation box to comply with the BEPS Action 5 recommendations; the changes are retrospective to July 2016, although claimants who were under the old rules continue to be grandfathered into those rules until the end of June...

The Ukraine has introduced a restriction on deduction of royalties – a payment of royalties to a non-resident entity, even if it is an unconnected party at arm’s length, will be non-deductible if:
the recipient is not the beneficial owner of the royalties;...